gracibrooke4065 gracibrooke4065

03-01-2020
Mathematics

contestada

Out of 1,000 tickets in a raffle, one ticket will win a $710 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

Respuesta :

konofre199 konofre199

03-01-2020

Answer: $142,000
Explanation: $710 x $200 = $142,000

Answer Link

Otras preguntas

1. Which statement best describes the polynomial 2x^3-4? Question 1 options: A. second degree polynomial with two term B. third degree polynomial with two term

What is a segment bisector

How do I make a cladogram? I have five species: finch, cardinal, robin, blue jay, and pelican.

What is an advantage of mild inflation according to some economists? select one: a. it helps to close the gdp gap. b. it reduces the inflation premium. c. it

Write the quadratic function with the following transformations: vertical shrink by 3, left 4, down 9.

"naomi has bought season tickets to the home games of her all-time favorite basketball team. this displays the ________ component of her attitude."

solve the inequality, -3 < n -8

A company should immediately recognize: any gain when it constructs a piece of equipment at a cost savings. any gain when it makes a bargain purchase. any loss

At a raffle, 1000 tickets are sold at $5 each. There are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. Suppose you buy one ticket. Let the r

Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$20,000; i=0.01; PMT=$250; n=?