Aclub is holding a raffle. ten thousand tickets have been sold for $2 each. there will be a 1st prize of $3000, 3 second prizes of $1000 each, 5 third prizes of $500 each, and 20 consolation prizes of $100 each. find the expected winnings of a single ticket

1000(1/20000) +

300(2/20000) +

10(20/20000) +

=

1800/20000 = .09

Step-by-step explanation:

Each ticket purchased is expected to win 9 cents

Each ticket purchased cost 75 cents

If you interpret expected winnings per ticket to include the cost then each ticket is expected to lose 66 cents.

1000(1/20000) +

300(2/20000) +

10(20/20000) +

=

1800/20000 = .09

Step-by-step explanation:

Each ticket purchased is expected to win 9 cents

Each ticket purchased cost 75 cents

If you interpret expected winnings per ticket to include the cost then each ticket is expected to lose 66 cents.

72 fudge and 75 toffee

step-by-step explanation:

i hope this : )

m a t h w a y. c o m

step-by-step explanation: