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Asked by tony

one hundred raffle tickets are sold for $3 each. one prize of $200 is to be rewarded.Lisa purchases one ticket.
a- what is her expected value
b- what is the fair price for a ticket?
12 years ago

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Answered by xxcx
sxcxc
12 years ago
Answered by Yiy
Ghrdc
5 years ago
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one hundred raffle tickets are sold for $3 each. one prize of $200 is to be rewarded.Lisa purchases one ticket.
a- what is her expected value
b- what is the fair price for a ticket?

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