(Solution) - The college student senate is sponsoring a spring break Caribbean -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The college student senate is sponsoring a spring break Caribbean cruise raffle. The proceeds are to be donated to the Samaritan Center for the Homeless. A local travel agency donated the cruise, valued at $2000. The students sold 2852 raffle tickets at $5 per ticket.
(a) Kevin bought six tickets. What is the probability that Kevin will win the spring break cruise to the Caribbean? What is the probability that Kevin will not win the cruise?
(b) Interpretation Expected earnings can be found by multiplying the value of the cruise by the probability that Kevin will win. What are Kevin?s expected earnings? Is this more or less than the amount Kevin paid for the six tickets? How much did Kevin effectively contribute to the Samaritan Center for the Homeless?