At a raffle, 30 tickets are sold at $1 each for 3 prizes of $50, $10, and $5. You buy 1 ticket. What is the expected value of your gain? O-$2.50 O $2.07 O $1.17 O $1.27
At a raffle, 30 tickets are sold at $1 each for 3 prizes of $50, $10, and $5. You buy 1 ticket. What is the expected value of your gain? O-$2.50 O $2.07 O $1.17 O $1.27
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.1: Percents And Fractions
Problem 5C
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![At a raffle, 30 tickets are sold at $1 each for 3 prizes of $50, $10, and $5.
You buy 1 ticket. What is the expected value of your gain?
O-$2.50
O$2.07
O $1.17
O $1.27](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff77597e5-075c-4c3d-92c4-b4b5ddfbe4dc%2F52389309-28c9-458e-b81e-12026f839716%2Ftyaf3m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At a raffle, 30 tickets are sold at $1 each for 3 prizes of $50, $10, and $5.
You buy 1 ticket. What is the expected value of your gain?
O-$2.50
O$2.07
O $1.17
O $1.27
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