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Help!!! Please just answer the question. Thank you! Let’s compare two different raffles to see which ticket you should buy?

Question

Help!!! Please just answer the question. Thank you!

Let’s compare two different raffles to see which ticket you should buy?

A. Raffle 1: 800 raffle tickets are sold $2.00 each. There is one gran prize for $450 and two consolation prizes of $100 each that will be awarded. What is the expected value of one ticket?

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Mathematics
3 days
2021-07-21T13:05:29+00:00
2021-07-21T13:05:29+00:00 1 Answers
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## Answers ( )

Answer:I only see one raffle, but the expected value of one ticket is $2. (I think)

Step-by-step explanation:Have a nice day!