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23 March, 18:19

There is a 3/4 chance you could win $100,000.00 in tomorrow's Irish sweepstakes. How much would you pay for a ticket? (Hint: find the theorethical value of a ticket.)

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  1. 23 March, 19:43
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    ticket price will be $75000

    Step-by-step explanation:

    Given data

    win amount = $100000

    chance = 3/4

    to find out

    How much would you pay for a ticket

    solution

    we know that chance of win is 3/4 of amount

    so here amount is $100000

    so ticket price will be = 3/4 * 100000

    = 0.75 * 100000

    = 75000

    ticket price will be $75000
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