Asked by denise

Suppose you are selling raffle tickets for $3.00 each. You have the following prizes.1 grand prize of $150
1 prize of $75
1 prize of $50
1 prize of $25
5 prizes of $10 each

A total of 500 raffle tickets are sold. What is the expected value of each ticket?

Answered by kan
166.66 or 167
500/3= 166.666666666667
Answered by k
34
There are no AI answers yet. The ability to request AI answers is coming soon!