asked 84.3k views
5 votes
Tickets for a raffle cost $ 9. There were 788 tickets sold. One ticket will be randomly selected as the winner, and that person wins $ 1700 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)? If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer rounded to two decimal places.

1 Answer

7 votes

Answer:

24 because you have to subtract

answered
User Aric
by
7.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.