Find the expected value.Suppose that 1,000 tickets are sold for a raffle that has the following prizes: one $300 prize, two $100 prizes, and one hundred $1 prizes. What is expected value of a ticket?

A. $300
B. $0.60
C. $1
D. $100


Answer: B

Mathematics

You might also like to view...

Solve the equation.3x2 - 27x + 60 = 0

A. x = 0, 4, 5 B. x = 4, 5 C. x = -4, -5 D. x = 3, 4, 5

Mathematics

To inscribe a circle in a square, the center can be found by the intersection of the two diagonals.

Answer the following statement true (T) or false (F)

Mathematics

In the previous problem, if the mass is set in motion, the natural frequency, ?, is Select the correct answer. ?

A.
B.
C.
D.
E.

Mathematics

Write the sum without using sigma notation.

Mathematics