34.1k views
4 votes
Five thousand tickets are sold at​ $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes awarded as​ follows: 1 prize of ​$900​, 3 prizes of ​$200​, 5 prizes of ​$​40, and 20 prizes of​ $5. What is the expected value of this raffle if you buy 1​ ticket?

1 Answer

3 votes

Answer:

$1,800

Step-by-step explanation:

User Jdehlin
by
6.9k points