A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 10000 tickets are sold at 50 cents each, find the expected winnings for a person buying 1 ticket What are the expected winnings? cents (Round your answer to the nearest whole cent)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.2: Applied Problems
Problem 2E
icon
Related questions
Question
A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 10000 tickets are sold at 50 cents each, find the expected winnings for a person buying 1 ticket
What are the expected winnings?
cents
(Round your answer to the nearest whole cent.)
example Get more help.
O Search
C
Clear all
Check a
12.
Transcribed Image Text:A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 10000 tickets are sold at 50 cents each, find the expected winnings for a person buying 1 ticket What are the expected winnings? cents (Round your answer to the nearest whole cent.) example Get more help. O Search C Clear all Check a 12.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax