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Mathematics, 03.03.2022 07:20 Dweath50

A charity is holding a raffle to raise money. There is one car worth $30,000 and five $100 gift cards being raffled off. Each ticket costs $20, and there are a total of 5,000 tickets being sold. Which equation correctly depicts the calculation of the expected value for a ticket? 30,000 (StartFraction 1 Over 5,000 EndFraction) 100 (StartFraction 1 Over 1000 EndFraction) (negative 20) (StartFraction 2497 Over 2500 EndFraction) = E (X) 29,980 (StartFraction 1 Over 5,000 EndFraction) 80 (StartFraction 1 Over 1000 EndFraction) (negative 20) (StartFraction 2497 Over 2500 EndFraction) = E (X) 30,000 (StartFraction 1 Over 5,000 EndFraction) 100 (StartFraction 1 Over 1000 EndFraction) = E (X) 29,980 (StartFraction 1 Over 5,000 EndFraction) 80 (StartFraction 1 Over 1000 EndFraction) = E (X).

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