Question: Five thousand raffle tickets are to be sold at $10 each to benefit a local community group. The prizes, the number of each prize to

Five thousand raffle tickets are to be sold at $10 each to benefit a local community group. The prizes, the number of each prize to be given away, and the dollar value of winnings for each prize are as follows:

If you buy one ticket, calculate your expected winnings. (Form the probability distribution of x = your dollar winnings, and remember to subtract the cost of your ticket.)

Number to Be Given Away Prize Automobile Entertainment center DVD recorder Gift certificate Dollar Value $20,000 3,000 each 400 each 20 each 50

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