tammy098 tammy098

05-11-2020
Mathematics

contestada

The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 140 tickets sold. The winner gets a prize worth $84. Round your answers to the nearest cent.

What is the expected value (to you) of one raffle ticket? $

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christelc christelc

05-11-2020

Answer:

They will receive $220, and they will pay out $88. They will raise $132.

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