Ask Question
9 May, 03:08

A lottery is held. 100 tickets are sold for $5 each. if one ticket will win $300 and the rest win nothing, what is the average value of a ticket.

+3
Answers (1)
  1. 9 May, 03:29
    0
    Depends on which way you look at it. 100 tickets at 5 is 500 total. but if your payout is 300 then divide that by 100 which is 3. So the average value of a ticket is 3 while the other 200 goes to whatever.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A lottery is held. 100 tickets are sold for $5 each. if one ticket will win $300 and the rest win nothing, what is the average value of a ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers