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Bibiana entered a $3 raffle for a chance to win a prize. Of the 320tickets sold,there is 1 ticket that pays $175, 2 tickets that
Bibiana entered a $3 raffle for a chance to win a prize. Of the 320tickets sold,there is 1 ticket that pays $175, 2 tickets that pay $100, and 5 tickets that pay $25.
Considering Bibiana's cost to participate, what is the expected value of her "investment" in the raffle ticket?
-$1.36
-$1.52
-$1.48
-$1.44
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