Multiple Choice
In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket?
A) -$0.80
B) $0.8
C) $1.20
D) -$1.20
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q35: Determine whether the distribution represents a
Q36: A local fire station receives an average
Q37: A sales firm receives an average of
Q38: From the probability distribution, find the
Q39: State whether the variable is discrete or
Q41: According to police sources, a car with
Q42: Assume that male and female births are
Q43: The random variable x represents the number
Q44: A test consists of 800 true or
Q45: The probability that a tennis set will