At a raffle, 10,000 tickets are sold at $5 each for three prizes valued at $4,800, $1,200, and $400. What is the expected value of one ticket?
A)-$4.36
B)$4.36
C)$0.64
D)-$0.64

Question

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The Answer of At a raffle, 10,000 tickets are sold at $5 each for three prizes valued at $4,800, $1,200, and $400. What is the expected value of one ticket?
A)-$4.36
B)$4.36
C)$0.64
D)-$0.64

At a Raffle, 10,000 Tickets Are Sold at $5 Each