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Math
You bought one $2 chance on an $84 radio. Sixty chances were sold. What
is your expectation? ( not 0.57)
1 answer
You have one of sixty tickets sold. Expectation of winning = 1/60
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You bought one $2 chance on an $84 radio. Sixty chances were sold. What is the probability of your winning the radio?
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You bought one $2 chance on an $84 radio. Sixty chances were sold. Was buying a chance a "good deal"?
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You bought one $2 chance on an $84 radio. Sixty chances were sold. Was buying a chance a "good deal"?
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