The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs...
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The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket out of the 300 tickets sold. The winner gets a prize worth $90. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? $ Calculate the expected value (to you) if you purchase 8 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? $ ar the PTO sells all 300 raffle tickets, how much money can they expect to raise for the classroom supplies? $ The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket out of the 300 tickets sold. The winner gets a prize worth $90. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? $ Calculate the expected value (to you) if you purchase 8 raffle tickets. $ What is the expected value (to the PTO) of one raffle ticket? $ ar the PTO sells all 300 raffle tickets, how much money can they expect to raise for the classroom supplies? $
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Probablity of winning No of favorable outcome Total outcomes Probablity of winning 1300 Expe... View the full answer
Related Book For
Statistics The Art and Science of Learning from Data
ISBN: 978-0321997838
4th edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Posted Date:
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