1. A group holds a raffle to raise money. They sell 100 raffle tickets for $5 each. There is one grand prize worth $100, three second place prizes worth $25 each and five 3rd place prizes worth $10 each. Find the expected value associated with the purchase of one ticket. (Remember to subtract the cost of playing from your winnings)

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

anyone can help me?

HELP ME PLZZZ

Okay, how much do they collect in ticket sales, and how much in total do they pay out in prizes?

Looking for something else?

Not the answer you are looking for? Search for more explanations.

## More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.