In a lottery, 4,000 tickets are sold for $1 each. One first prize of $2,000, 1 second prize of $800, 3 third prizes of $120, and 10 consolation prizes of $12 are to be awarded. What are the expected net earnings of a person who buys one ticket?
A) cents
B) cents
C) cents
D) cents
E) cents

Question

In a lottery, 4,000 tickets are sold for $1 each. One first prize of $2,000, 1 second prize of $800, 3 third prizes of $120, and 10 consolation prizes of $12 are to be awarded. What are the expected net earnings of a person who buys one ticket?
A) cents 
B) cents 
C) cents 
D) cents 
E) cents

Quizplus · Accepted Answer

The Answer of In a lottery, 4,000 tickets are sold for $1 each. One first prize of $2,000, 1 second prize of $800, 3 third prizes of $120, and 10 consolation prizes of $12 are to be awarded. What are the expected net earnings of a person who buys one ticket?
A) cents 
B) cents 
C) cents 
D) cents 
E) cents

In a Lottery, 4,000 Tickets Are Sold for $1 Each