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Questions: 1. If you are Cardo, would you buy a raffle ticket? Why? 2. If Cardo decided to buy five tickets, what is the probability that he would win the prize if 1000 tickets were sold? What is the probability that Cardo will lose the bet? 3. How much money will Cardo gain if he wins the prize? 4. How much money will be wasted if he will not win the prize and he buy one ticket? 5. What if 1000 tickets were purchased by different individuals, what is the expected value of buying one ticket? 6. How would you describe Romulo as a friend?
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