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The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 140 tickets sold. The winner gets a prize worth $84. Round your answers
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The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 140 tickets sold. The winner gets a prize worth $84. Round your answers to the nearest cent.

What is the expected value (to you) of one raffle ticket? $

User Manabu Nakazawa
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Answer:

They will receive $220, and they will pay out $88. They will raise $132.

User Johan Berg Nilsson
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