A theater group holds a fund-raiser. It sells 100 raffle tickets for $5 apiece. Suppose you purchase four tickets. The prize is two passes to a Broadway show, worth a total of $150. O Part (a) O Part (b) O Part (c) O Part (d) Construct a PDF. (Round your answers to two decimal places.) P(X = x) x· P(X = x) Los Profit O Part (e) If this fund-raiser is repeated often and you always purchase four tickets, what would be your expected average winnings per raffle? (Round your answer to two decimal places.) $ 18.46 Additional Materials

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
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D and E
A theater group holds a fund-raiser. It sells 100 raffle tickets for $5 apiece. Suppose you purchase four tickets. The prize is two passes
to a Broadway show, worth a total of $150.
O Part (a)
O Part (b)
O Part (c)
O Part (d)
Construct a PDF. (Round your answers to two decimal places.)
P(X = x)
x · P(X = x)
Loss
Profit
O Part (e)
If this fund-raiser is repeated often and you always purchase four tickets, what would be your expected average winnings per raffle? (Round your
answer to two decimal places.)
$ 18.46
Additional Materials
Transcribed Image Text:A theater group holds a fund-raiser. It sells 100 raffle tickets for $5 apiece. Suppose you purchase four tickets. The prize is two passes to a Broadway show, worth a total of $150. O Part (a) O Part (b) O Part (c) O Part (d) Construct a PDF. (Round your answers to two decimal places.) P(X = x) x · P(X = x) Loss Profit O Part (e) If this fund-raiser is repeated often and you always purchase four tickets, what would be your expected average winnings per raffle? (Round your answer to two decimal places.) $ 18.46 Additional Materials
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