## (Answered)-Ten thousand raffle tickets are sold. One first prize of \$2000, 4

Ten thousand raffle tickets are sold. One first prize of \$2000, 4 second prizes of \$800 each, and 10 third prizes of \$400 each are to be awarded, with all winners selected randomly. If you are given
one ticket, what are your expected winnings?

A) 92 cents B) 32 cents C) 152 cents D) 116 cents

2)?The table shows the prizes and probabilities of winning (on a single \$1 ticket) for a particular state ?lottery. Find the expected value of the winnings for a single lottery ticket.

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This question was answered on: Oct 07, 2020

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