+0  
 
0
23
1
avatar

Twenty thousand raffle tickets are sold. One first of $1000, two second prizes of $750, and three third prizes of $200 each will be awarded, with all winners selected randomly. If you purchased one ticket, what are your expected gross winnings?

 Sep 10, 2020
 #1
avatar+26735 
+1

Not POSITIVE of this answer :

 

[(1)(1000) + 2 (750) + 3(200)] / 20 000 = .155            15.5 cents

 Sep 10, 2020

10 Online Users

avatar
avatar