Answer to Question #216676 in Statistics and Probability for mimi

Question

At a school raffle, students can purchase two types of tickets: Ticket A which costs $2.00 each, students can win the following prizes: twenty $10 Tim Hortons gift cards, twelve $15 Starbucks' gift cards, and five $30 Staples gift cards. Ticket B which costs $3.00 each, students can win the following prizes: three $25 Tim Hortons gift cards, and two $300 Staples gift cards. Suppose there are only 600 of each type of tickets being sold.

a) Complete a probability distribution table for each ticket. 

b) Determine which type of raffle ticket has greater value. Justify your answer.

Answer 1

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