Smartminds university is running a promotional raffle that, Ask an Expert

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SmartMinds University is running a promotional raffle that offers a chance to win either a 1-year discount on tuition cost (which results in a $500 savings) or a 2-year discount on bookstore purchases (which results in a $300 savings).

• Winning a tuition discount has a 1-in-800 chance.
• Winning a bookstore purchases discount has a 1-in-12 chance.

Is this promotion worth it if the tickets cost $18?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9111402

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