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1) seven hundred raffle tickets are sold for $5 each , one prize of $600 is to be awarded . Victor purchases one ticket ,

1) seven hundred raffle tickets are sold for $5 each , one prize of $600 is to be awarded . Victor purchases one ticket , find his expected value

2)2000 raffle tickets are sold for $10 each , one prize of $1000 is to be awarded . Victor purchases one ticket , find his expected value

3)1000 raffle tickets are sold for $20 each , five prizes of $800 is to be awarded . Victor purchases one ticket , find his expected value

4)Claudia decides to pay $400 for one year life insurance policy of $200000. The probability of her living through the year is 0.9990, find HER expected value?

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