HelinaW254754 HelinaW254754
  • 29-10-2022
  • Mathematics
contestada

You buy $10 raffle ticket for a new car valued at $15,000. 2000 tickets are sold. What is expected value of your gain?

You buy 10 raffle ticket for a new car valued at 15000 2000 tickets are sold What is expected value of your gain class=

Respuesta :

AydianP658844 AydianP658844
  • 29-10-2022

So your gains are given by:

[tex]\text{gains}=\text{price of the car}-\text{price of the ticket}[/tex]

Then we get:

[tex]\text{gains}=\text{\$}15000-\text{\$}10=\text{\$}14990[/tex]

And that's the value of your gain.

Answer Link

Otras preguntas

Which expression is equivalent to 6(3f) f+9 f+18 18f 3f+6
C is the centroid of triangle RST. Find the length indicated using the given information. SC =5x-16 and SO=7x-17.
A toy car moves at a speed of 3m.
A boy standing on the edge of a cliff (don’t worry there is a sturdy railing) throws a stone up into the air at an angle of 40° from the horizontal at a velocit
Help me please with question
write me an arugmentative essay about why organic foods are not worth their price
what's a good problem/solution presentation for human resources
Calculate the lengths of all of this triangle's sides. x = y = z =
Explain, in your own words, how the following quote from Fredrick Douglass is related to the article "The Value of Literacy to the Enslaved." Write your answer
Please help! I'll give twenty points! Craig constructs the designs above from equal line segments. The design in Pattern 1 is made up of three-line segments. Pa