“THE GOLDEN TICKET OF COCOA ROYALTY”
In celebration of the 70th anniversary of the brand Cocoa Royalty, and its
successful journey towards achieving its main purpose which is to share the
world their unique taste of chocolate through their different products and be able
to have their own trademark sealed within the minds of their customers and
business partners, they decided to bring back the goodness that they have
received. Cocoa Royalty proudly holds a raffle event and all monies raised will be
supporting their chosen respective charities.
OBJECTIVES
a. Cocoa Royalty wishes to share the blessings and goodness that they have
received due to the success of their brand in a way of supporting their
respective charities.
b. Cocoa Royalty aims to bring joy to their future winners by being able to
experience the feeling of once in a lifetime through their prizes.
c. Cocoa Royalty also holds this opportunity to promote their own products
along with their main purpose by expanding their brand through mass media.
THE MAIN HIGHLIGHT: WINNING PRIZES
a) 1st prize - The Europe Holiday Package Tour: 14 days and 13 nights
Roundtrip worth 170,000Php
b) 2nd prize - A Special 2-Week Long Vacation in the Perfect Beaches of Hawaii
worth 146,000Php
c) 3rd prize - VIP Admission Ticket for BLACKPINK Virtual Concert + Meet &
Greet worth 20,000Php
Price per Ticket
₱ 130.00
Total number of tickets to be sold
There is a total of 2,500 tickets to be sold.
Raffle Event Mechanics:
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Allowed to join are all those who have purchased and paid their ticket/s
within the selling period.
After each prize drawing, the winning ticket is then returned to the
collection of tickets.
Raffle duration is from January 15, 2021 – May 1, 2021.
All raffle coupons should be clearly filled out with complete name,
address, contact number/s, email address, signature, and name of legal
adviser.
Completely filled-out raffle stubs should be on hand upon payment.
Raffle stubs submitted after the deadline May 1, 2021 will be disqualified
from the draw.
Prizes are not exchangeable to cash.
Participants are not allowed to win two (2) major prizes. If name is drawn
more than once, participant may choose from the two prizes drawn.
Winners will be notified through phone/email, the list of winners will be
posted in Cocoa Royalty’s Official website.
All winners will only have thirty (30) days after the draw to claim their
prize. After the 30-day period, unclaimed prizes will be forfeited in favor
of Cocoa Royalty’s Charity Fund.
Winners must include with them two (2) valid types of identification like
driver’s license/SSS card/ Passport and also the winning raffle ticket (in
good condition) upon claiming of their prize; just in case of loss, winner
must present the official raffle ticket.
Expected Value
Let: a be the amount of money a player can win or lose.
Buying 1 ticket
a
WIN
LOSE
169,870
P(a)
1
2,500
a · P(a)
67.948
145,870
1
2,500
58.348
19,870
1
2,500
7.948
-130
2,499
2,500
-129.948
𝝁 = 𝟒. 𝟐𝟗𝟔
Conclusion:
On the average, the possible expected value when buying 1 ticket is 4.296
or 4.30 pesos.
Buying 5 tickets
a
WIN
LOSE
169,350
P(a)
5
2,500
a · P(a)
145,350
5
2,500
290.7
19,350
5
2,500
38.7
-650
2,495
2,500
-648.7
338.7
𝝁 = 𝟏𝟗. 𝟒
Conclusion:
On the average, the possible expected value when buying 5 tickets is 19.4
pesos.
Buying 10 tickets
a
WIN
LOSE
168,700
P(a)
10
2,500
a · P(a)
144,700
10
2,500
578.8
18,700
10
2,500
74.8
-1,300
2,490
2,500
-1,294.8
674.8
𝝁 = 𝟑𝟑. 𝟔
Conclusion:
On the average, the possible expected value when buying 10 tickets is
33.6 pesos.
Sample Ticket
GROUP 2 MEMBERS:
Baluca, Hannah
Villarin, Angelique
Atilano, Kylie
Abubakar, Zahra
ABM 11 – ARRUPE