Answer:
A) The probability that Kevin will win the spring break cruise is 0.42%.
B) Kevin's expected earnings are $ 8.4.
C) Kevin effectively contributed with $ 50.
Step-by-step explanation:
Since the college student senate is sponsoring a spring break Caribbean cruise raffle, and the proceeds are to be donated to the Samaritan Center for the Homeless, ya local travel agency donated the cruise, valued at $ 2000, and the students sold 2357 raffle tickets at $ 5 per ticket, to determine A) if Kevin bought ten tickets, what is the probability that Kevin will win the spring break cruise to the Caribbean; B) Kevin's expected earnings and C) how much did Kevin effectively contribute to the Samaritan Center for the Homeless; the following calculation must be performed:
A) 10/2357 = 0.0042 x 100 = 0.42
Therefore, the probability that Kevin will win the spring break cruise is 0.42%.
B) 2000 x 0.0042 = 8.4
Therefore, Kevin's expected earnings are $ 8.4.
C) 5 x 10 = 50
Kevin effectively contributed with $ 50.