The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket out of the 140 tickets sold. The winner gets a prize worth $84. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket?

Calculate the expected value (to you) if you purchase 8 raffle tickets?

What is the expected value (to the PTO) of one raffle ticket?

If the PTO sells all 140 raffle tickets, how much money can they expect to raise for the classroom supplies?
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they would have to work 32 hours.

the answer would be 0.54

system of linear equation

step-by-step explanation:

as given in the data

a= 20 , b= -12

let us suppose that it is a straight line equation

now we know the formula for the system of linear equation

b= ma + c )

here m is slope of a straight line which is equal to formula

m=   (ii)

and here c is a constant

now putting the value of a and b in equation (ii)

m=

m=

putting the value of a,b and m in equation (i) gives us

-12 = + c

-12=-12 + c

adding 12 to both sides

-12 +12 = -12 +12 +c

0 =c

or c=0

as the value of the constant is zero which gives us that it is a linear equation and this order pair satisfies the system of linear equations.