_manda_87_
Member
Heya ive been goin through sum of the prac papers and doin the online board of studies mult. choice test and got stuck with this question.....
Amy buys a $1 ticket in a raffle. There are 200 tickets in the raffle and two prizes. First prize is $100 and second prize is $50.
Find Amy's financial expectation.
a) -$1.00
b) -$0.75
c) -$0.25
d) +$0.25
My tutor and i couldnt work it out.If u can do it can u give me the workin out for it as well?
thanks
Amy buys a $1 ticket in a raffle. There are 200 tickets in the raffle and two prizes. First prize is $100 and second prize is $50.
Find Amy's financial expectation.
a) -$1.00
b) -$0.75
c) -$0.25
d) +$0.25
My tutor and i couldnt work it out.If u can do it can u give me the workin out for it as well?
thanks