If a raffle has a winning prize of 100 dollars and each ticket costs 5 dollars with a total of 500 tickets sold, which equation would calculate the expected value?
Answer
A
open paren 100 minus 5 close paren times open paren 1 over 500 close paren is equal to cap e times cap x
B
100 times open paren 1 over 500 close paren plus negative 5 times open paren 499 over 500 close paren is equal to cap e times cap x
C
95 times open paren 1 over 500 close paren plus negative 5 times open paren 499 over 500 close paren is equal to cap e times cap x
D
100 times open paren 1 over 500 close paren is equal to cap e times cap x