IDNLearn.com: Your go-to resource for finding expert answers. Get accurate and comprehensive answers to your questions from our community of knowledgeable professionals.
Tickets for a raffle cost $5. There were 645 tickets sold. One ticket will be randomly selected as the
winner, and that person wins $2000 and also the person is given back the cost of the ticket. For
someone who buys a ticket, what is the Expected Value (the mean of the distribution)?
If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer
rounded to two decimal places.
Expected Value = $
Sagot :
We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Discover the answers you need at IDNLearn.com. Thank you for visiting, and we hope to see you again for more solutions.