Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

A travel softball team is trying to raise funds to go to the Colorado Sparkler, a major summer national tournament. The team is going to sell 3000 raffle tickets for $7 each. The prizes and their probabilities are summarized in the following table. What is the expected value for this for the prize amount for one entry? Round your answer to the nearest hundredth (since we're talking about dollars and cents). You might get a negative answer, if so, include the sign. Don't worry about the dollar sign.

Prize Amount, x Probability of Winning, P(x)
$3,169 1/3000
$1,380 1/3000
$522 2/3000
$261 2/3000
- $7 2994/3000

Sagot :

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.