The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 260 tickets sold. The winner gets a prize worth $70. 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 260 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 $2. There is 1 winning ticket out of the 260 tickets sold. The winner gets a prize worth $70. 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 260 raffle tickets, how much money can they expect to raise for the classroom supplies?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
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Transcribed Image Text:The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1
winning ticket out of the 260 tickets sold. The winner gets a prize worth $70. 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 260 raffle tickets, how much money can they expect to raise for the classroom supplies?
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