A Nonprofit Organization Sells Chances for a $40,000 Automobile at $125

question 33

Multiple Choice

A nonprofit organization sells chances for a $40,000 automobile at $125 per ticket. It sells 2,000 tickets and offers four prizes, summarized in the table that follows. What are the expected winnings (or loss) for each ticket? ​ ​

Identify the topic sentence within a paragraph that presents the overall impression of the subject.

Recognize transitional expressions indicating place or position within text.

Describe objects, scenes, or subjects using appropriate space order in writing.

Proofread text for errors in spelling, particularly for words that look or sound alike.

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Definitions:

Break-even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.

Behavioral Measures

The assessment of individual actions and performances through quantifiable means in various contexts including work or research settings.

Demographic Variables

Demographic variables are characteristics of populations, such as age, sex, income level, race, employment, and geographic location, which are used in research to segment and understand target markets or groups.

Past Conduct

Previous actions or behavior of an individual or organization, which can influence current assessments or decisions.