A charity is holding a raffle to raise money. There is one car worth 30 dollars comma 000 and five 100 dollars gift cards being raffled off. Each ticket costs 20 dollars , and there are a total of 5 comma 000 tickets being sold. Which equation correctly depicts the calculation of the expected value for a ticket?

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Revolt · Accepted Answer

29 comma 980 times open paren 1 over 5000 close paren plus 80 times open paren 1 over 1000 close paren plus negative 20 times open paren 2497 over 2500 close paren is equal to cap e times cap x

Expected Value - Quiz Quiz

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