Mathematics, 06.05.2021 03:10 armahoney8566
Tickets for a raffle cost $19. There were 713 tickets sold. One ticket will be randomly selected as the
winner, and that person wins $1100 and also the person is given back the cost of the ticket. For
someone who buys a ticket, what is the Expected Value (the mean of the distribution)?
If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer
rounded to two decimal places.
Expected Value = $
Answers: 2
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Tickets for a raffle cost $19. There were 713 tickets sold. One ticket will be randomly selected as...
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