A raffle is held by the MSUM student association to draw for a $1000 plasma television. Two thousand tickets are sold at $ 1.00 each. Find the expected value of one ticket.

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asked Aug 15, 2015 64.1k views

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A raffle is held by the MSUM student association to draw for a $1000 plasma television. Two thousand tickets are sold at $ 1.00 each. Find the expected value of one ticket.

Mathematics
middle-school

Pdinklag asked

by Pdinklag

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1 Answer

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Each ticket is really worth 50¢

Qingu answered Aug 19, 2015

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