1. A Nscc club is hosting a raffle to raise money which offers cash prizes. I buy one of 5,000 raffle tickets for $1. The club officials will randomly select one grand prize worth $1000, two second prizes worth $500 each, and three third prizes at $250 each. Create the probability distribution for this raffle and Calculate my expected value of buying a single ticket.

2. A NSCC club is hosting a raffle to raise money. I buy one of 200 raffle tickets for $10. There is one prize, which is a free 3 credit NSCC course valued at $618. Create the probability distribution for this raffle and Calculate my expected value of buying a single ticket.