The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 500 tickets. There is one $2,000 grand prize, four $400 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 500 tickets. There is one $2,000 grand prize, four $400 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

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Description: The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 eachand will sell 500 tickets. There is one $2,000 grand prize, four $400 second prizes, and fifteen $30 thirdprizes. You just bought a ticket.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.5: Interpreting Data

Problem 10E

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