The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5. There is 1 winning ticket out of the 210 tickets sold. The winner gets a prize worth $82. 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 10 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? $ If the PTO sells all 210 raffle tickets, how much money can they expect to raise for the classroom supplies? $

Question

The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $5. There is 1 winning ticket out of the 210 tickets sold. The winner gets a prize worth $82. 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 10 raffle tickets. $

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

If the PTO sells all 210 raffle tickets, how much money can they expect to raise for the classroom supplies? $

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Math
Probability

Other

Related Probability Q&A

Find answers to questions asked by students like you.

Q: If two points are randomly chosen on the sides of the unit square, find the probability that the two...

A: Let's just take a random point on any 1 side of the square. Let this side be side a. Given that the ...

Q: A factory received a shipment of 11 capacitors, and the vendor who sold the items knows there are 3 ...

A: Let the R.V X denotes the number of defective capacitors in the shipment and it follows the binomial...

Q: On average, how many dice would you expect to show a "4"?die (dice)

A: Geometric distribution is the probability distribution of the number X of Bernoulli trials needed to...

Q: A hospital claims that 40% of its patients request a telephone. you are interested in disproving thi...

A: Click to see the answer

Q: Assume b, c are independent random variables with uniform distribution on the interval [-L, L), wher...

A: Click to see the answer

Q: At a particular college there are a total of 75 teachers. The table below shows the number of teache...

A: Given data, Age group Number in that age group 30 – 39 10 40 – 49 20 50 – 59 ...

Q: Giving a test to a group of students, the grades and gender are summarized below   A B C Total ...

A: The given table is: Students grades A B C Total Male 20 16 8 44 Female ...

Q: 5 Kay is making sugar cookies and brownies for the school bake sale. She has 5 cups of sugar and 2 u...

A:  

Q: A factory received a shipment of 14 flanges, and the vendor who sold the items knows there are 8 fla...

A: Solution: a. From the given information, there are 14 flanges. Out of which there are 8 flanges are ...

Q: Poker   Calculate the probability of being dealt the following poker hand. (Recall that a poker play...

A: Click to see the answer

Q: Example 7 A sample of four chocolate bars are randomly selected from a box of ten. Six of the chocol...

A: Given, total chocolates = 10 Milk chocolates = 6 others = 4 probability of selecting milk chocolate ...

Q: An experiment is rolling two dice.SS = {(1,1), (1,2), (1,3), (1,4), (1,5), (1,6), (2,1), (2,2), (2,3...

A: (a) Obtain the probability of getting a sum of 9 or a sum of 6. The probability of getting a sum of ...

Q: A boy owns 6 pairs of pants, 9 shirts, 10 ties, and 4 jackets.(a) How many outfits can he wear to sc...

A: Given data:     The given pairs of pants are: P=6. The given number s of shirts are: S=9. The given ...

Q: A truth serum has the property that 90% of the guilty suspects are properly judged while, ofcourse, ...

A: Click to see the answer

Q: A computer password must be 3 letters followed by 5 digits (0 through 9). How many different compute...

A: Note: Hey, since there are multiple questions posted, we will answer first question. If you want any...

Q: The Canadian government is looking for some information on the public views on expanding the Canadia...

A:  

Q: Formulate a dataset using the frequency distribution table ofthe random experiment for the number of...

A: It is given that the number of boys are 4 and number of girls are 3. The random variable x indicates...

Q: If you draw five cards at random from a standard deck of 52 cards, what is the probability that ther...

A: Click to see the answer

Q: A computer password is required to be 5 characters long. How many passwords are possible if the pass...

A: Here, the password consisting of one letter followed by 4 digits. There are 26 possible alphabetical...

Q: An urn contains 2 black and 5 brown marbles. A marble is selected at random. If the marble drawn is ...

A: Introduction: Suppose X and Y are two events, with respective probabilities P (X) and P (Y). Denote ...

Q: What is the probability of drawing a spade or a red ace from an ordinary deck of playing​ cards?

A: The total number of cards in an ordinary deck of playing cards = 52 Total spade cards = 13 Total red...

Q: A marketing research company is estimating which of two soft drinks college students prefer. A rando...

A: Click to see the answer

Q: A consumer advocate conducted a hypothesis test at the 5% significance level to determine if the mea...

A: Click to see the answer

Q: The function G(x) = - 0.01x² +x + 59 models the wage gap, as a percent, x years after 1980 in Countr...

A: Given information: The function that models the wage gap as a percent x, years after 1980 in country...

Q: Create a column of numbers going from 0 to 30. in binomial distrubution with n=30 and p=0.5. Rememb...

A: Introduction to binomial distribution: Consider a random experiment involving n independent trials, ...

Q: Eco 250 Chpt 4 Mindtap Question 10

A: 2 letters can be selected from 5 letters in 5C2 ways.   nCr = n!/(n-r)! *r!  

Q: An experiment consists of flipping a coin and/or rolling a die. Answer the following questions:(a) S...

A: a) The sample space after flipping a coin and rolling a die is as follow: Sample space = { (H, 1), (...

Q: Jorge gives 3 chocolate bars to his friends. He gives 1/12 of 1 chocolate bar to each friend.  How m...

A: Given, Jorge gives 1/12 of 1 chocolate bar to each friend.  That means he gives, 1 chocolate bar to ...

Q: Suppose that in a particular class of 200 students, 31 of them plan on majoring in math, 27 plan onm...

A: Click to see the answer

Q: You measure an object's height many times and find a height of 2.05 cm and a 2σ-uncertainty of 0.03 ...

A: It is given that mean height of the number height measurement is 2.05 while the uncertainty of is 0....

Q: (a) If repetition of digits is not​ allowed, how many four​-digit numbers can be formed using the di...

A: Click to see the answer

Q: Suppose that a disease is inherited via a dominant mode of inheritanceand that only one of the two p...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: How many ways can we select four door prizes from nine different ones and distribute them among four...

A: Given, Out of 8 different prizes, 4 has been selected.

Q: The mayor of a town has decided to support the development of a new highway by their town. The vote ...

A: Click to see the answer

Q: Calculate the probability of being dealt the following poker hand. (Recall that a poker player is de...

A: Click to see the answer

Q: When a business opens, it has an initial value of $956K. Two years later, the company has a value of...

A: It is known that, 1 million = 1,000K.

Q: suppose that the overall probability of living to age 70 is 0.62 and that is overall probability of ...

A: Click to see the answer

Q: A bride is choosing a dress for her bridesmaids. If there are 5 styles, 2 colors, and 7 fabrics, in ...

A: There are 5 styles, 2 colors, and 7 fabrics.

Q: Suppose a math class contains 38 students. There are 20 females (three of whom speak Spanish) and 18...

A: From given information, two way table can be drawn as:  

Q: attached picture 5 question  explanation for number 4 please

A: Introduction: Suppose X and Y are two events, with respective probabilities P (X) and P (Y). Denote ...

Q: In a group of five items, two are defective. Find the distribution of N, the number of draws (with r...

A: Click to see the answer

Q: A nutritionist applies keto diet in a group of twenty individuals. He assumes that keto is designed ...

A: Click to see the answer

Q: Suppose you have two boxes A and B. Box A contains 7 black marbles, 4 white marbles. Box B contains ...

A: Note : - As per our policy we can answer only three sub-parts, please make a new requests for other ...

Q: An experiment is picking a card from a deck of 52 cards.SS = {2S, 3S, 4S, 5S, 6S, 7S, 8S, 9S, 10S, J...

A: Click to see the answer

Q: Thank you for your help!

A: