The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $8 each and will sell 500 tickets. There is one $2,000 grand prize, four $200 second prizes, and seventeen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
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- Describe how to determine the probability of an event.A raffle offers one Php20,000 cash prize, two Php15,000 prizes, and three Php10,000 prize. Also, five consolation prizes worth Php1,00 each are given away. The raffle has 800 tickets sold at Php200 each. Find the expected gain or loss if a person buys one ticket.If you pay the $5 price to buy one ticket for the PTK Thanksgiving fundraiser, what is the expected value (to you) of the transaction overall? Round to the nearest cent.
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 600 tickets. There is one $2,000 grand prize, four $200 second prizes, and sixteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.$ ?The student council is hosting a drawing to raise money for scholarships.They are selling tickets for $8 each and will sell 700 tickets.The raffle has:one $2,000 grand prize,two $500 second prizes, andfourteen $40 third prizes.You just bought one ticket. Find the expected value for your profit. Round to the nearest cent.$If you randomly select a card from a well-shuffled standard deck of 52 cards, determine the probability that the card you select is not a spade.a) Write your answer as a reduced fraction. ? b) Write your answer as a decimal, rounded to the nearest thousandth. ? c) Write your answer as a percent. Round to the nearest tenth of a percent as needed. ? %
- Assuming you were lucky enough to win and the pay off odds were 35:1, how much money would you get back? Don't forget to include your original $5 bet in your payout.The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 500 tickets. There is one $1,000 grand prize, two $500 second prizes, and twelve $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.$ ?If you randomly select a card from a well-shuffled standard deck of 52 cards, determine the probability that the card you select is not a 7.a) Write your answer as a reduced fraction. ? b) Write your answer as a decimal, rounded to the nearest thousandth. ? c) Write your answer as a percent. Round to the nearest tenth of a percent as needed. ? %
- The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 900 tickets. The raffle has: one $3,000 grand prize, two $500 second prizes, and fifteen $20 third prizes. You just bought one ticket. Find the expected value for your profit. Round to the nearest cent.$If you randomly select a card from a well-shuffled standard deck of 52 cards, determine the probability that the card you select is a Jack.a) Write your answer as a reduced fraction. ?b) Write your answer as a decimal, rounded to the nearest thousandth. ? c) Write your answer as a percent. Round to the nearest tenth of a percent as needed. ? %The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 600 tickets. There is one $1,000 grand prize, four $ 200-second prizes, and fifteen $40 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.