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Brief Description:: P (X) E (X) E (X) 63
Brief Description:: P (X) E (X) E (X) 63
Brief Description: A fundraising activity in which the proceeds from the sale of the
ticket will serve as a budget to support the Children with Special
Needs (SPED), Autism Society of The Philippines and Other
Organizations. The raffle draw will be held on April 8, 2022
(Friday), 2PM at the Maceda Hall, La Union National High
School. The results will be published at
facebook.com/goodsamaritanstmog
Number of tickets 2,500
to be sold:
Price per ticket to ₱75.00
be sold:
Winners and 1st Prize: Panasonic 43-inch Full HD Digital Smart TV worth
Prizes: ₱15,000
2nd Prize: Condura Washing Machine Worth of ₱10,000
3rd Prize: Grocery Package Worth of ₱5,000
Probability X -14,925 -9,925 -4,925 75
Distribution of X: P(X) 1 1 1 2497
2500 2500 2500 2500
Expected Value of E(X) =
X:
E(X)= 63
Net Gain Project Net Gain=No. of tickets sold × Expected Value of X
Net Gain=2500×6 3
Net Gain= ₱157,500
Interpretation The net gain of the organizer is equal to the total number of
tickets sold (2,500) times the average gain per ticket purchased
(₱63.00) So, the total net gain will be ₱157,500.
Ticket Sample: