In a lottery, 6,000 tickets are sold for $1 each. One first prize of $3,000, 1 second prize of $1,200, 3 third prizes of $180, and 10 consolation prizes of $30 are to be awarded. What are the expected net earnings of a person who buys one ticket?
$ __________

Question

Quizplus · Accepted Answer

The Answer of In a lottery, 6,000 tickets are sold for $1 each. One first prize of $3,000, 1 second prize of $1,200, 3 third prizes of $180, and 10 consolation prizes of $30 are to be awarded. What are the expected net earnings of a person who buys one ticket?
$ __________

In a Lottery, 6,000 Tickets Are Sold for $1 Each