Repeat Problem 31 with the purchase of 10 tickets.
Problem 31
One thousand raffle tickets are sold at $1 each. Three tickets will be drawn at random (without replacement), and each will pay $200. Suppose you buy 5 tickets.
(A) Create a payoff table for 0,1,2, and 3 winning tickets among the 5 tickets you purchased. (If you do not have any winning tickets, you lose $5; if you have 1 winning ticket, you net $195 since your initial $5 will not be returned to you; and so on.)
(B) What is the expected value of the raffle to you?