If the expected value for a five dollar raffle ticket is $0.85, then there is a 85% chance that the ticke will win. O true O false
If the expected value for a five dollar raffle ticket is $0.85, then there is a 85% chance that the ticke will win. O true O false
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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If the expected value for a five dollar raffle ticket is $0.85, then there is a 85% chance that the ticket will win.
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