tamberjackson1106 tamberjackson1106
  • 08-08-2019
  • Mathematics
contestada

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.)

Respuesta :

DeniceSandidge DeniceSandidge
  • 13-08-2019

Answer:

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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