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Please help! Correct answer only!

There is a raffle for a $380 prize. Out of 100 tickets, one ticket will win the prize, and the other tickets will win nothing. If you have a ticket, what is the expected payoff?

Please help Correct answer only There is a raffle for a 380 prize Out of 100 tickets one ticket will win the prize and the other tickets will win nothing If you class=

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osikbro

Answer:

$3.80

Step-by-step explanation:

380/100= an expected payoff of 3.8 dollars. Hope this helps!

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