Tickets for a raffle cost $5. There were 645 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 = $

Question

30-11-2022
Mathematics

Answered

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Tickets for a raffle cost $5. There were 645 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 = $

Sagot :

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