Raffle Fundraiser For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1 ticket. Using this information, complete the probability distribution. Enter...


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Raffle Fundraiser<br>For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1<br>ticket. Using this information, complete the probability distribution.<br>Enter the probabilities as fractions using / for the division bar.<br>Net Win or Loss<br>P(r) Probability<br>Win<br>++S 200<br>0.5<br>Lose<br>+ $ 2<br>0.5<br>Round answers to the nearest hundredth, if necessary.<br>1. What is the expected value?<br>2. Is this game fair? Yes<br>3. The ticket cost $2, so, in the long run, you should expect to win $ 200<br>4. What is the standard deviation?<br>Check<br>

Extracted text: Raffle Fundraiser For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1 ticket. Using this information, complete the probability distribution. Enter the probabilities as fractions using / for the division bar. Net Win or Loss P(r) Probability Win ++S 200 0.5 Lose + $ 2 0.5 Round answers to the nearest hundredth, if necessary. 1. What is the expected value? 2. Is this game fair? Yes 3. The ticket cost $2, so, in the long run, you should expect to win $ 200 4. What is the standard deviation? Check

Jun 11, 2022
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