sakurablxssom sakurablxssom

08-06-2020
Mathematics

contestada

Please help! Correct answer only!
For a fundraiser, there is a raffle with 100 tickets. One ticket will win a $150 prize, and the rest will win nothing. If you have a ticket, what is the expected payoff?

$ ___

Please help Correct answer only For a fundraiser there is a raffle with 100 tickets One ticket will win a 150 prize and the rest will win nothing If you have a class=

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ijimmyjohn ijimmyjohn

08-06-2020

$15 I believe, apologies if incorrect!

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anonlol3 anonlol3

08-06-2020

I would say $0.
There are 100 tickets and you only have one (1 / 100).
This means you have a 1% chance of winning.
Although you can still will, it is expected you won’t due to your percent chance.
(The rest will win nothing)

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