Tickets for a raffle cost $ 9. There were 788 tickets sold. One ticket will be randomly selected as the winner, and that person wins $ 1700

Question

Tickets for a raffle cost $ 9. There were 788 tickets sold. One ticket will be randomly selected as the winner, and that person wins $ 1700 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)? If the Expected Value is negative, be sure to include the “-” sign with the answer. Express the answer rounded to two decimal places.

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Mít Mít 3 years 2021-08-17T09:12:44+00:00 1 Answers 5 views 0

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  1. minhkhoi
    0
    2021-08-17T09:14:21+00:00
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    Answer:

    24 because you have to subtract

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