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1000 tickets are sold at three dollars each one ticket will be randomly selected in the winner will receive a HD TV valued at $374.

1000 tickets are sold at three dollars each one ticket will be randomly selected in the winner will receive a HD TV valued at $374. What is the expected value if a person buys one ticket

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One thousand tickets are sold at $3 each. One ticket will be randomly selected and the winner will receive a HD TV valued at $374. What is the expected value if a person buys one ticket? $2.62 $2.62 O -$1.00 O $1.00

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