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
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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

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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?

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