the student council is hosting a drawing to raise money for scholarships. they are selling tickets for $10 each and will sell 700 tickets. there is one $3,000 grand prize, three $400 second prizes, and fifteen $30 third prizes. you just bought a ticket. find the expected value for your profit. round to the nearest cent.

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07-10-2022
Business

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the student council is hosting a drawing to raise money for scholarships. they are selling tickets for $10 each and will sell 700 tickets. there is one $3,000 grand prize, three $400 second prizes, and fifteen $30 third prizes. you just bought a ticket. find the expected value for your profit. round to the nearest cent.

Sagot :

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