Question #297177

The officer's of the science club are planning to sell 125 tickets to be raffled during the school's foundation day . One ticket will win PHP 2,000 and the other tickets win nothing. If you buy one ticket, what will be your expected gain?




Expert's answer

E(X)=2000∗1125+0∗(1−1125)=16.E(X)=2000*\frac{1}{125}+0*(1-\frac{1}{125})=16.


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