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1. In Tim's 'Roll Up The Rim', the following prizes are available: 65,000 free coffees, each worth $1.50 4 new TVs, each worth $1,500 1

1. In Tim's 'Roll Up The Rim', the following prizes are available:

65,000 free coffees, each worth $1.50

4 new TVs, each worth $1,500

1 car worth $50,000

A total of 1,000,000 cups have been printed for the contest. Each cup of coffee sells for $1.50. What is the expected value of a cup of coffee to a customer? (5 Marks)

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