Final answer:
The equation reflecting the relationship between the money collected (M) for selling raffle tickets (R) is M = 2.40 × R, which says that for every ticket sold, $2.40 is collected.
Step-by-step explanation:
To express the relationship between the amount of money collected (M) and the number of raffle tickets sold (R), consider that every set of 10 tickets brings in $24. This means for every single ticket sold, $2.40 is collected (since $24 ÷ 10 = $2.40). The equation to calculate the total money collected (M) when R raffle tickets are sold would be a simple linear equation reflecting the direct proportionality between the number of tickets and the amount of money received.
The complete equation is:
M = 2.40 × R
This equation indicates that to find the total money collected, you multiply the number of raffle tickets (R) by $2.40.