Solution-Expected winnings far a ticket buyer

Expected winnings far a ticket buyer

Reference no: EM131214269

A raffle has a grand prize of a European cruise valued at $6500 with a second prize of a Las Vegas getaway valued at $700. If each ticket costs $3 and 8600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).

Reference no: EM131214269

Questions Cloud

Conduct hypothesis tests for price and proportion : 1. Conduct hypothesis tests for price and proportion. 2. Based on this updated data and Larry's parameters, should the new line be marketed? Explain your answer.

Calculate karl pearsons coefficient or correlation : Calculate Karl Pearson's Coefficient or correlation for the following data relating to overhead expenses and cost of production - Calculate Product moment Coefficient of correlation for the data.

Find the expected value : (a) Find the expected value (in dollars) of the amount won by one entry. (b) Find the expected value (in dollars) if the cost of entering this sweepstakes is the cost of a postage stamp (34 cents)

Design of a smart application to solve business need : The purpose of this assignment is to prepare a written report that will present a detail plan and design of a smart application to solve business need stated in a business case. In this assignment you are working in a group of 3-4 students but you..

Expected winnings far a ticket buyer : If each ticket costs $3 and 8600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).

What is the molecular formula of l-dopa : What is the molecular formula of L-dopa? How many molecules are contained in each of the following number of moles? How many moles are contained in each number of grams of table sugar.

Expected winnings for a single ticket buyer : What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).

Playing dungeons and dragons with a group : Phuc is playing Dungeons and Dragons with a group of three friends. To heal an injured friend's character, Phuc must roll one die and roll a number higher than that friend's damage level.

Find y correct to three significant figures : find y correct to three significant figures.-- Find r in V=(4/3)Πr2, where V=311, Π = 3.14 -- Find the ratio of y-x:2y.

User Account

All Pages

Expected winnings far a ticket buyer

Reference no: EM131214269

Reference no: EM131214269

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

What is the balance in his savings account

You can purchase a service contract for all of your major

Why are the costs of selling equity so much larger

How do companies generate ideas for capital projects give

Scanlin inc is considering a project that will result in

If the marr is 12 compute the value of x that makes the two

Performance of international mutual funds

Important measure of whether debt is a problem

What is the percentage

Determine whether the information is given is consistent

Find break-even quantity for the manual process

Which offers the higher expected return if you expect the

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT