fmartiffande fmartiffande

19-10-2016
Mathematics

Answered

A lottery is held. 100 tickets are sold for $5 each. if one ticket will win $300 and the rest win nothing, what is the average value of a ticket.

Verified Answer :

kingdonald1 kingdonald1

23-10-2016

depends on which way you look at it. 100 tickets at 5 is 500 total. but if your payout is 300 then divide that by 100 which is 3. So the average value of a ticket is 3 while the other 200 goes to whatever.

Answer Link

Related Questions

If 105 J of energy is used in 103 s what is the average power consumption in watts

what is 5367 rounded to one decimal place

what is the decimal representation of 210

Whats the greatest common factor of 72 and 32

The following comparative stemandleaf plot represents the ages in years of the members of two professional basketball teams Which of the following statements is

The graph below shows genotype percentages for generations 20 through 26 The initial genotype percentages were 34 DD 32 Dd and 34 dd The fitness levels were 100

True or False Problems with sleep are more common than sleep disorders or parasomniasTrue or FalseSleep problems are fairly common among both adults and childre

What was a major demand of the anti federalists during the debate over ratification of the united states constitution

which of these sentencesentences should use por instead of para

How did new scientific knowledge help the building of the Panama Canal