Mathematics, 14.12.2020 22:20, chris4212

A local book shop is selling $1 raffle tickets and is donating all proceeds to a local charity. They sold 6,500 tickets and plan to give away 30 gift certificated worth $25
and 50 gift certificates valued at $15.
1. Find the expected value of purchasing a raffle ticket. Round to the nearest
cent.
2. Explain what the expected value means in terms of the donation to the
charity.

Answers: 2

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A local book shop is selling $1 raffle tickets and is donating all proceeds to a local charity. The...