One thousand tickets are sold for ₱50.00 each. One ticket will win ₱10,000.00, two tickets will win ₱5,000.00 each and three tickets will win ₱1,000.00 each. If X denotes the net gain from the purchase of a randomly selected ticket, which of the following tables of values shows the probability distribution of X?

Would you bet your money in the raffle? Why or why not?

You buy three ₱1,000.00 raffle tickets for a prize of a new 20-passenger Sarao jeepney valued at ₱800, 000.00. Two thousand tickets are sold. What is the probability of winning the prize in the purchase of three tickets?

A life insurance company will sell a 1 million three-year term life insurance policy exclusive in a particular risk group for a premium of ₱2,000.00. Find the expected value to the company of a single policy if a person in this risk group has a 99.95% chance of surviving three years? (round of the nearest whole number

A roulette wheel in an amusement park has the numbers 1 through 60. If you bet ₱100.00 you will have a chance to win a cellular phone worth 5,000.00. What is the probability of winning if  you play only once?