Tickets for a raffle cost $10. There were 809 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1200 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)? If the Expected Value is negative, be sure to include the to two decimal places. sign with the answer. Express the answer rounded Expected Value = $ %3D Submit Question

Tickets for a raffle cost $10. There were 809 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1200 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)? If the Expected Value is negative, be sure to include the to two decimal places. sign with the answer. Express the answer rounded Expected Value = $ %3D Submit Question

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...

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