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

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: At what ticket price would ticket buyer expect to break even
Reference No:- TGS098811

Expected delivery within 24 Hours