The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket out of the 280 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 12 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? $ If the PTO sells all 280 raffle tickets, how much money can they expect to raise for the classroom supplies? $
The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket out of the 280 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 12 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? $ If the PTO sells all 280 raffle tickets, how much money can they expect to raise for the classroom supplies? $
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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Transcribed Image Text:The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket
out of the 280 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 12 raffle tickets. $
What is the expected value (to the PTO) of one raffle ticket? $
If the PTO sells all 280 raffle tickets, how much money can they expect to raise for the classroom supplies? $
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