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...

Enrollment at my college is declining at  rate of 45% per decade.  What will be the yearly percentage decrease? Round your answer to two decimal places if necessary.

What will be an ideal response?

Mathematics

Find the extreme values of the function and where they occur.y = 

A. Absolute maximum value is  at x = e1/4; absolute minimum value is 0 at x = 1.
B. Absolute minimum value is  at x = e1/4; no maximum value.
C. Absolute maximum value is  at x = e1/4; no minimum value.
D. None

Mathematics

Simplify the radical expression. Assume that all variables represent positive real numbers.

A. 9 B. 3 C. 27 D. not a real number

Mathematics

Use the distributive property to remove parentheses and write the product as a sum. Simplify if possible.- (18x + 6y)

A. 15x + 5y B. -15x - 5y C. -20x D. -15x + 5y

Mathematics