The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 800 tickets. There is one $2,000 grand prize, three $300 second prizes, and...

1) The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 800 tickets. There is one $2,000 grand prize, three $300 second prizes, and fourteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

2) Find the 55th-Percentile:

Extracted text: The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $5 each and will sell 800 tickets. There is one $2,000 grand prize, three $300 second prizes, and fourteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.


Extracted text: Here is a data set (n 117) that has been sorted. 30.5 34.4 38.2 38.7 38.7 38.9 41.6 42.7 43 43.4 43.9 44.8 45 45.3 45.9 46.1 46.7 46.9 47.1 47.5 47.6 47.6 47.6 48 48 49.7 49.9 49.9 50 50 50.4 50.5 50.8 51.4 51.5 51.6 51.8 51.8 52 52.1 52.4 52.6 52.7 52.8 52.9 53.2 53.2 53.6 53.7 53.8 53.9 54.2 54.3 54.4 54.4 54.4 54.9 55 55.1 56.3 56.3 56.4 56.5 56.9 56.9 56.9 57.1 57.1 57.2 57.4 57.7 57.8 57.8 57.9 58 58 58.1 58.8 58.9 59.2 59.7 59.8 60 60 60 60.1 60.1 60.6 61 61.2 61.7 61.8 61.9 62.1 62.2 62.6 62.6 62.9 63.5 63.6 63.7 64.4 64.6 64.7 65.1 65.1 65.1 65.3 66.2 66.5 66.5 67.2 67.7 68.4 73.3 77.9 80.6 Find the 55th-Percentile: P55 %3D