85.8k views
4 votes
in a raffle, one ticket will win a $530 prize, four tickets will win a $500 prize, ten tickets will win a $160 ze, and the other tickets will win nothing. There are 1,000 in the raffle. If you have a ticket, what is e expected payoff? ​

1 Answer

6 votes
The ticket William win a R530 prize for four tickets will win a a 500 prize
User LU RD
by
4.7k points