A raffle for charity cost 5$ to enter. There are three prizes. First is worth 25$, second prize is worth 15$ and the third prize is worth 10$. If 20 people entered the raffle with an equal chance to win, what is expected loss or gain for one ticket?

A.) loss of 3.25

B.) gain 7.50

C.) loss of 2.50

D.) gain of 1.59

Question

Alvin Cuevas

9 September, 20:22

+4

Answers (2)

Know the Answer?

Esteban Marshall · Answer 1

The answeris B, simply because your not losing nothing you are gaining.

Mills · Answer 2

I would honestly say either b or d but I'm not completely sure most likely b