At a raffle, 1000 tickets are sold at $5 each. There are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. Suppose you buy one ticket.
Let the random variable X represent your net gain (remember that the net gain should include the cost of the ticket) after playing the game once
Use a table to help construct probability.

Question

At a raffle, 1000 tickets are sold at $5 each.  There are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. Suppose you buy one ticket. 
Let the random variable X represent your net gain (remember that the net gain should include the cost of the ticket) after playing the game once
Use a table to help construct probability.

kropot72 · Answer

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kropot72 · Answer

@gabz12 Do you understand the table?