simplynotkay simplynotkay

01-11-2022
Mathematics

Answered

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5
each and will sell 700 tickets. There is one $2,000 grand prize, two $400 second prizes, and twelve $30
third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.
$
Help please!!!

Answer :

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