A charity holds a raffle in which each ticket is sold for $25. A total of...
A charity holds a raffle in which each ticket is sold for $25. A total of 11600 tickets are sold. They raffle one grand prize which is a Lexus GS valued at $55000 along with 6 second prizes of Kawasaki motorcycles valued at $13000 each. What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
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A charity holds a raffle in which each ticket is sold for $25. A
total of...
A raffle sells 10,000 tickets. Each ticket is sold for $50. Below is a list of...
A raffle sells 10,000 tickets. Each ticket is sold for $50. Below is a list of prizes and the number of that type of prize. 1 Grand Prize: Toyota Yaris - Value: $17,750 100 Second place prizes: Nintendo Switch with Games: $500 1000 Third Place Prizes: A Box of Frosted Lucky Charms: $4 How much money do the organizers of the event expect to make for every ticket they sell? Note: This question is asking you to find the expected...
Eight thousand raffle tickets are sold. One first prize of $1000, two second prizes of $750,...
Eight thousand raffle tickets are sold. One first prize of $1000, two second prizes of $750, and three third prizes of $200 each will be awarded, with al winners selected randomly. If you purchased one ticket, what are your expected gross winnings? The expected gross winnings are cents. (Round your answer to the nearest whole cent) le
A company offers a raffle whose grand prize is a $50,000 new car. Additional prizes are...
A company offers a raffle whose grand prize is a $50,000 new car. Additional prizes are a $1,000 television and a $500 computer. Tickets cost $20 each. Ticket income will be donated to a charity. If 3,000 tickets are sold, what is the expected gain or loss (in dollars) of each ticket? (Round your answer to the nearest cent.) I would appreciate it if the answer was written electronically.
Suppose 1,250 raffle tickets are being sold for $5 each. One ticket will be chosen to...
Suppose 1,250 raffle tickets are being sold for $5 each. One ticket will be chosen to receive a cash prize of $2,500, and three tickets will be chosen to receive cash prizes of $500. Let x be the amount of money won/lost by purchasing one raffle ticket. Find the expected value for X. (Round your answer to the nearest penny. Do not include a $ sign in your answer. Your answer may be positive or negative.)
9. A raffle is being held in which 2,000 tickets are sold for $10 each. There...
9. A raffle is being held in which 2,000 tickets are sold for $10 each. There is I top prize of $5,000, 4 middle prizes of $500 each, and 10 lower prizes of $100 each. All other tickets receive no prize (80). Let 3 equal the net gain/loss from buying one ticket, that is I = prize money - 10. (a) (4 points) Describe the probability distribution p(x) by filling in the chart below. जा (b) (4 points) Calculate the...
20,000 raffle tickets are sold one first prize of $1000 two second prices of $500 and...
20,000 raffle tickets are sold one first prize of $1000 two second prices of $500 and three thied prizes of $100 each will be awarded with all winners selected randomly. if you purchased one ticket what are your expected growth winnings .
At a raffle, 10,000 tickets are sold at $5 each for three prizes valued at $4,800,...
At a raffle, 10,000 tickets are sold at $5 each for three prizes valued at $4,800, $1,200, and $400. What is the expected value of one ticket?
Suppose 660 raffle tickets are sold for $2 each. A prize of $1,000 will be awarded...
Suppose 660 raffle tickets are sold for $2 each. A prize of $1,000 will be awarded to one of the ticketholders. Two other ticketholders will be awarded prizes of $100 each. How much should you expect to win or lose on average if you purchase one raffle ticket? Give the answer exactly or round it to two decimal places.
2 3) In a raffle, 1,000 tickets are sold for $2 each. One ticket will be...
2 3) In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket?
Eight thousand raffle tickets are sold. One first prize of $1000, two second prizes of $750, and three third prizes of $200 each will be awarded, with al winners selected randomly. If you purchased one ticket, what are your expected gross winnings? The expected gross winnings are cents. (Round your answer to the nearest whole cent) le
Suppose 1,250 raffle tickets are being sold for $5 each. One ticket will be chosen to receive a cash prize of $2,500, and three tickets will be chosen to receive cash prizes of $500. Let x be the amount of money won/lost by purchasing one raffle ticket. Find the expected value for X. (Round your answer to the nearest penny. Do not include a $ sign in your answer. Your answer may be positive or negative.)
9. A raffle is being held in which 2,000 tickets are sold for $10 each. There is I top prize of $5,000, 4 middle prizes of $500 each, and 10 lower prizes of $100 each. All other tickets receive no prize (80). Let 3 equal the net gain/loss from buying one ticket, that is I = prize money - 10. (a) (4 points) Describe the probability distribution p(x) by filling in the chart below. जा (b) (4 points) Calculate the...
2 3) In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket?
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