Tickets for a raffle cost $5. There were 847 tickets sold. One ticket will be randomly selected as the winner, and that person wins $2000 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 "-" sign with the answer. Express the answer rounded to two decimal places.Expected Value = $
Tickets for a raffle cost $5. There were 847 tickets sold. One ticket will be randomly selected as the winner, and that person wins $2000 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 "-" sign with the answer. Express the answer rounded to two decimal places.Expected Value = $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 11PPS
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Tickets for a raffle cost $5. There were 847 tickets sold. One ticket will be randomly selected as the winner, and that person wins $2000 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the
If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer rounded to two decimal places.
Expected Value = $
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