You buy one $10 raffle ticket for a new car valued at $15,000. Two thousand tickets are sold. What is the expected value of your gain? * -$2.5 $2.5 None of the choices -$25.0

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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You buy one $10 raffle ticket for a new car valued at $15,000. Two thousand
tickets are sold. What is the expected value of your gain? *
-$2.5
$2.5
None of the choices
-$25.0
Transcribed Image Text:You buy one $10 raffle ticket for a new car valued at $15,000. Two thousand tickets are sold. What is the expected value of your gain? * -$2.5 $2.5 None of the choices -$25.0
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