Five thousand tickets are sold at $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes awarded as follows: 1 prize of $800, 3 prizes of $200, 5 prizes of $50, and 20 prizes of $5. What is the expected value of this raffle if you buy 1 ticket?

The expected value of this raffle if you buy 1 ticket is $0.41.

Step-by-step explanation:

The expected value of the raffle if we buy one ticket is the sum of the prizes multiplied by each of its probabilities.

This can be written as:

For example, the first prize is $800 and we have only 1 prize, that divided by the number of tickets gives us a probability of 1/5000.

If we do this with all the prizes, we can calculate the expected value of a ticket.

1 and 0

step-by-step explanation:

answer: (yeees, you need a poet.)

//blooming serenity//

beautiful in the morning

mysterious at night

wonderous nature souring

with all it's mystical might

the flower that blooms

to the fox that looms

nocturnal creatures

with various features

a blooming flower soon in sight

as a new little hatchling fears to take flight  

afraid to leave it's calming nest,

but dear little bird, mother knows best

as sure as there are stars in the sky,

life is not about who, where what, when or why-

it's the journey that follows

adventures we swallow

of   nature's deep wonders,

natural disasters and storm's thunders.

blooming serenity

life and nature, truly is heavenly.

-kerstien lehman

step-by-step explanation: