Question

$3000 a e a raffeticket from a local high school that has a first prize of prize. If there were so distributio400 tickets sold at $10 each, create the frequency distribution that describes this ra 3. You purchase raff 000 a second nd prize of $1500, and six, $100 dollar gift certificates for third of ffle.

Answer 1

x	f	p	xp
3000	1	0.00025	0.75
1500	1	0.00025	0.375
100	6	0.0015	0.15
0	3992	0.998	0
	4000	1	1.275

y	f	p	xp
2990	1	0.00025	0.7475
1490	1	0.00025	0.3725
90	6	0.0015	0.135
-10	3992	0.998	-9.98
	4000	1	-8.725

here x is profit without considering the cost of tickets

y is profit when cost is considered