The scratch off tickets for the $500 Loaded game cost $5 each. If you buy one, what is the expected gain or loss when you consider both the cost of the ticket and the expected value of the ticket? They printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize.Round to the nearest cent. If the expectation is a gain, your answer should be positive. If the expectation is a loss, your answer should be negative. they printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize. Prize Value Number of Tickets $200,000 5 $500 14,274 $100 1,907 $50 49,124 $20 280,608 $10 841,824 $5 841,824
The scratch off tickets for the $500 Loaded game cost $5 each. If you buy one, what is the expected gain or loss when you consider both the cost of the ticket and the expected value of the ticket? They printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize.Round to the nearest cent. If the expectation is a gain, your answer should be positive. If the expectation is a loss, your answer should be negative. they printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize. Prize Value Number of Tickets $200,000 5 $500 14,274 $100 1,907 $50 49,124 $20 280,608 $10 841,824 $5 841,824
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section: Chapter Questions
Problem 35T
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The scratch off tickets for the $500 Loaded game cost $5 each. If you buy one, what is the expected gain or loss when you consider both the cost of the ticket and the expected value of the ticket? They printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize.Round to the nearest cent.
If the expectation is a gain, your answer should be positive.
If the expectation is a loss, your answer should be negative.
they printed 10,452,265 tickets. The table below shows the available prizes and the number of winning tickets for each prize.
| Prize Value | Number of Tickets |
| $200,000 | 5 |
| $500 | 14,274 |
| $100 | 1,907 |
| $50 | 49,124 |
| $20 | 280,608 |
| $10 | 841,824 |
| $5 | 841,824 |
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