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Mathematics 9 Online
OpenStudy (anonymous):

A total of 3000 tickets have been sold for a drawing. If one ticket is drawn for a single prize of $1000, what is a fair price for a ticket?

OpenStudy (lilg132):

i think $3?

OpenStudy (anonymous):

No. It will be 33c.

OpenStudy (slaaibak):

Or 1/3?

OpenStudy (lilg132):

oh ok i knew it was one or the other

OpenStudy (anonymous):

Chance of winning $1000 is one in 3000. So, you will be willing to pay $1000/3000 amount of money.

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