An auction house sells raffle tickets for $1. There are 10 prizes, each worth $10. If 100 raffle tickets are sold, what is the expected value of each ticket? $0 $1 -$1 $10

Respuesta :

1 dollar is the expected value
each prize is $10, 100 tickets for a dollar and then it's a $100, divide it by a total of ten prizes and it's 10 dollars a prize