Mathematics
JacksonChristophe567
11

The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a winner is drawn at random.

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(2) Answers
rch9mcca

:) The raffles makes a profit of $300 The expected value of a raffle ticket is: (1/100)(200-5)-(99/100)5= -$3.00/ticket :D Just kidding, more to the question???

eryka1

50 people bought tickets

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