At what ticket price would ticket buyer expect to break even
A charity raffle prize is $1,000. The charity sells 4,000 raffle tickets. One winner will be selected at random. At what ticket price would a ticket buyer expect to break even?
Answer
$0.50$0.25$0.75$1.00
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The probability that a ticket holder will miss a flight is .005. If 180 passengers take the flight, what is the probability that at least 2 will miss the flight?
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The first place winner is required to represent the company at numerous evetns for one year in exchange for receiving a prize of $1000 a year forever. The second place winner is awarded a prize of $1000 a year for $100 years and has no commitments
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