Homework Help is Here – Start Your Trial Now!
Math
Statistics
In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket? OA. $0.8 OB. $1.20 O C. - $0.80 OD. -$1.20

In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket? OA. $0.8 OB. $1.20 O C. - $0.80 OD. -$1.20

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.1: Percents And Fractions
Problem 29E
See similar textbooks
icon
Related questions
Question

41

In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket? O A. $0.8 OB. $1.20 OC. $0.80 O D. - $1.20
Transcribed Image Text:In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket? O A. $0.8 OB. $1.20 OC. $0.80 O D. - $1.20
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS