If a raffle has a winning prize of 100 dollars and each ticket costs 5 dollars with a total of 500 tickets sold, which equation would calculate the expected value?

Name: Revolt
Rating: 4.5 (1200 reviews)

Question

Revolt · Accepted Answer

95 times open paren 1 over 500 close paren plus negative 5 times open paren 499 over 500 close paren is equal to cap e times cap x

Expected Value - Quiz Quiz

If a raffle has a winning prize of 100 dollars and each ticket costs 5 dollars with a total of 500 tickets sold, which equation would calculate the expected value?

More from this Course