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, and fourteen $40 third prizes. You just bought one 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, and fourteen $40 third prizes. You just bought one ticket. Find the expected value for your profit. Round to the nearest cent.

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter7: Applying Fractions

Section7.6: Percents Problems

Problem 9ST

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