The student council is hosting a drawing to raise money for and will sell 700 tickets. There is one $2,000 grand prize, f prizes. You just bought a ticket. Find the expected value fc
The student council is hosting a drawing to raise money for and will sell 700 tickets. There is one $2,000 grand prize, f prizes. You just bought a ticket. Find the expected value fc
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 5CT
Related questions
Question
Transcribed Image Text:The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each
and will sell 700 tickets. There is one $2,000 grand prize, four $300 second prizes, and seventeen $10 third
prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
Transcribed Image Text:When taking a 28 question multiple choice test, where each question has five possible answers, it would be
or more questions correct by guessing alone. Use the Range Rule of Thumb for Unusual
unusual to get
Values to answer this question. Give your answer above as a whole number.
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