| The annual school affair is holding a raffle contest. The student bets $1 on the chance of picking a certain number on the ticket. If they get the correct ticket then they win the $1 with winnings up to $15. This pays 15 to 1. In order to figure out whether it is worth playing at all, the first step would be: |
Carlos Rodriguez <carlos@math.albany.edu>
This problem was contributed by a student in Elementary Statistics. It is offered as it is with no warranty of any kind