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A charity is going to hold a raffle and sell the tickets for 5$. They sell 200 tickets. The only prize is a 150$ giftcard. What is the expected profit if someone buys 1 ticket?<…

A charity is going to hold a raffle and sell the tickets for 5$. They sell 200 tickets. The only prize is a 150$ giftcard. What is the expected profit if someone buys 1 ticket?<…
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A charity is going to hold a raffle and sell the tickets for 5$. They sell 200 tickets. The only prize is a 150$ giftcard. What is the expected profit if someone buys 1 ticket?

asked
User Joseph Le Brech
by
8.1k points

1 Answer

1 vote

Answer:

$145 dollars is the expected profit

Explanation:

$150 - $5 = $145

answered
User Joseph Freeman
by
8.2k points
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