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Please help! Correct answer only!
Out of 250 tickets in a raffle, one ticket will win a $190 prize, one ticket will win a $120 prize, one ticket will win a $90 prize, and one ticket will win a $50 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?


$____

Please help Correct answer only Out of 250 tickets in a raffle one ticket will win a 190 prize one ticket will win a 120 prize one ticket will win a 90 prize an class=

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osikbro

Answer:

$1.80

Step-by-step explanation:

(190+120+90+50)/250= a total expected payoff of 1.8 dollars. Hope this helps!

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