jazzmyne123 jazzmyne123

23-06-2016
Mathematics

contestada

A charity is selling raffle tickets at $5 apiece. Out of the 100 tickets sold, ten third-place winners will be drawn, each winning $20. Five second-place winners will be drawn, each winning $50. Lastly, one grand prize of $100 will be awarded. Is a raffle with these rules a good idea for the charity? Why or why not?

Respuesta :

devinr10 devinr10

23-06-2016

The answer is No, because one ticket’s expected value is worth $0.50 more than the face value.

Answer Link

daltonhardy daltonhardy

23-06-2016

The Answer is No because that will replace with 0.50cents

Answer Link

Otras preguntas

In what ocean zone does barnacles, seaweed, and starfish located in?

The trial of Peter Zenger is widely credited with being the first example of American freedom of __________, even though the American nation did not yet exist.

Write a 3- digit number using digits 2,9,4 draw a quick picture to show the value of your number

What are some ways that a new mining project would impact the area in which it is located? Question 7 options: new jobs, higher standard of living, increased ed

Find the exact interest for $600 at 8% for 45 days. (Round to the nearest cent.) A. $6.36 B. $5.95 C. $6.00 D. $5.92

Which of these was one of the forces that led to the outbreak of war in Europe? a. Mandates c. Neutrality b. Militarism d. Atrocities User: Nations making polit

What is a small body that follows a highly elliptical orbit around the Sun

Which group of elements ,in the periodic table, would most likely be used for electrical wires?

Easter Island, which is a territory of _________ is famous for the Moai statues created by the Rapanui people. A. Chile B. New Zealand C. Guatemala D. Hawaii

Which of these was one of the forces that led to the outbreak of war in Europe? a. Mandates c. Neutrality b. Militarism d. Atrocities User: Nations making polit