If X Is the Net Gain to a Player in a Game

question 32

Multiple Choice

If x is the net gain to a player in a game of chance,then E(x) is usually negative.This value gives the average amount per game the player can expect to lose over the long run.A service organization is selling $2 raffle tickets as part of a fundraising program.The first prize is a boat valued at $2910,and the second prize is a camping tent valued at $400.In addition to the first and second prizes,there are twenty $24 gift certificates to be awarded.The number of tickets sold is 3000.Find the expected net gain to the player for one play of the game.Round your answer to the nearest cent. ​

• A) ​$1,109.33
• B) ​$1.34
• C) ​$0.74
• D) ​-$0.74
• E) ​-$1,109.33

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