A raffle for a charity fund-raiser is being planned. Each of 2000 raffle tickets will be sold for $1.00. The holders of 32 winning tickets will each win a prize. The table shows the prize values and the number of prizes for each value. Prize Value Number of Prizes 20 $25 $50 10 $300 2 The random variable W represents the value of the prize won for a single ticket minus the cost of the ticket. What is the expected value of W? (A) -$1.00 (B) -$0.20 (C) $0.80 (D) $49.00 (E) $124.00

A raffle for a charity fund-raiser is being planned. Each of 2000 raffle tickets will be sold for $1.00. The holders of 32 winning tickets will each win a prize. The table shows the prize values and the number of prizes for each value. Prize Value Number of Prizes 20 $25 $50 10 $300 2 The random variable W represents the value of the prize won for a single ticket minus the cost of the ticket. What is the expected value of W? (A) -$1.00 (B) -$0.20 (C) $0.80 (D) $49.00 (E) $124.00

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section: Chapter Questions

Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...

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