Asked by lijm
I know I posted this yesterday but I wanted to check if my answer to part b is correct.
In a lottery, 5000 tickets are sold for $1 each.... one 1st prize of $2000, 1 2nd prize of $500, 3 third prizes of $100, and 10 consolation prizes of $25 are to be awarded.
(1/5000)*(2000)+(1/5000)*(500)+(3/5000)*(100)+(10/5000)*(25) = .61
In a lottery, 5000 tickets are sold for $1 each.... one 1st prize of $2000, 1 2nd prize of $500, 3 third prizes of $100, and 10 consolation prizes of $25 are to be awarded.
(1/5000)*(2000)+(1/5000)*(500)+(3/5000)*(100)+(10/5000)*(25) = .61
Answers
Answered by
bobpursley
Correct method.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.