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A theater group holds a fund-raiser. It sells 100 raffle tickets for $8 apiece. Suppose you purchase four tickets. The prize is two passes to a...

A theater group holds a fund-raiser. It sells 100 raffle tickets for $8 apiece. Suppose you purchase four tickets. The prize is two passes to a Broadway show, worth a total of $150.



part(a)

List the values that X may take on.

A 1,2,3,4

B -32,118



Part (d)


Construct a PDF. (Round your answers to two decimal places.)


X p(X=X) x*p(x=x)


Profit _________ _________ _________


Loss  _______ _________ ____________

 


Part (e)


If this fund-raiser is repeated often and you always purchase four tickets, what would be your expected average winnings per raffle? (Round your answer to two decimal places.)


$__________

 

Top Answer

part(a) Option B: X = {-32,118} Part (d)... View the full answer

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