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A Nonprofit Organization Sells Chances for a $40,000 Automobile at $125

Question 29

Multiple Choice

A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​
A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​ A) B) C) D) E)


A) A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​ A) B) C) D) E)
B) A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​ A) B) C) D) E)
C) A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​ A) B) C) D) E)
D) A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​ A) B) C) D) E)
E) A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​ A) B) C) D) E)

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