As a fundraiser, the local charity is rafing off a prize worth $400.00. They plan to sell 1100 tickets at a cost of $1.00 each. What is the expected value per ticket from the standpoint of the charity? Round your answer to the nearest cent. 3 Explain what the expected value represents. (9 it represents how much a ticket would cost if the charity wanted to break even. 0 it represents the total amount that the charity earns by running the raffle. 0 It represents the average amount that the charity earns by selling one ticket