6) One thousand tickets are sold at $1 each. One ticket will be randomly selected and the winner will receive a color television valued at $398. What is the expected value for a person that buys one ticket?

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asked Nov 6, 2022 21.1k views

1 vote

6) One thousand tickets are sold at $1 each. One ticket will be randomly selected and the winner will

receive a color television valued at $398. What is the expected value for a person that buys one
ticket?
A) $0.60
B) $.40
C) -$0.60
D) -$1.00

Mathematics
college

Ekans asked

by Ekans

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1 Answer

5 votes

Answer:

The answer would be -$0.60

Explanation:

I just checked with my friend and we both got the same answer.

Sharmili Nag answered Nov 11, 2022

by Sharmili Nag

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