- Access to
**2 Million+**Textbook solutions - Ask any question from
**24/7**available

Tutors

A high school basketball team is selling $10 raffle tickets as part of a fund-raising program. The first prize is a trip to the Bahamas valued at $5460, and the second prize is a weekend ski package valued at $496. The remaining 18 prizes are $100 gas cards. The number of tickets sold is 3500.

Find the expected value E(x) to the player for one play of the game. If x is the gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.

Members

- Access to
**2 Million+**Textbook solutions - Ask any question from
**24/7**available

Tutors

OR

Non-Members

Get help from** Mathematics **Tutors

Ask questions directly from** Qualified Online Mathematics Tutors **.

Best for online homework assistance.