Mathematics, 26.03.2021 03:40 MajentaSnow2613

6) One thousand tickets are sold at $1 each. One ticket will be randomly selected and the winner will receive a color television valued at $398. What is the expected value for a person that buys one
ticket?
A) $0.60
B) $.40
C) -$0.60
D) -$1.00

Answers: 2

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6) One thousand tickets are sold at $1 each. One ticket will be randomly selected and the winner wil...

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More questions: Mathematics Another questions

6) One thousand tickets are sold at $1 each. One ticket will be randomly selected and the winner will receive a color television valued at $398. What is the expected value for a person that buys one ticket? A) $0.60 B) $.40 C) -$0.60 D) -$1.00

Answers

Another question on Mathematics

6) One thousand tickets are sold at $1 each. One ticket will be randomly selected and the winner will receive a color television valued at $398. What is the expected value for a person that buys one
ticket?
A) $0.60
B) $.40
C) -$0.60
D) -$1.00