For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win
$200 in cash. You buy 1 ticket. Using this information, complete the
probability distribution.
Enter the probabilities as fractions using / for the division bar.
Win
Lose
x → Net Win or Loss P(x) → Probability
+ $
-$2
Round answers to the nearest hundredth, if necessary.
1. What is the expected value?
2. The ticket cost $2, so, in the long run, you should expect to lose + $
3. What is the standard deviation?

Question

01-12-2022
Mathematics

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For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win
$200 in cash. You buy 1 ticket. Using this information, complete the
probability distribution.
Enter the probabilities as fractions using / for the division bar.
Win
Lose
x → Net Win or Loss P(x) → Probability
+ $
-$2
Round answers to the nearest hundredth, if necessary.
1. What is the expected value?
2. The ticket cost $2, so, in the long run, you should expect to lose + $
3. What is the standard deviation?

Sagot :

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