Lottery: I buy one of 200 raffle tickets for $5. The sponsors then randomly select 1 grand prize worth $200, 2 second prizes worth $100 each, and 3 third prizes worth $60 each. Below is the discrete probability distribution for this raffle. Prize PM Grand 1/200 Second 2/200 Third 3/200 None 194/200 (a) Recognizing that I spent $5 to buy a ticket, determine the expected value of this rafe to me as a player. Round your answer to the nearest penny. $ : (b) What is an accurate interpretation of this Value? 0 It represents how much you would win every time you play the game. 0 It is meaningless because you can't actually win or lose this amount. 0 It represents how much you would lose every time you play the game. 0 It represents the persgame average you would win/lose if you were to play this game many many times. (c) Based on your answers, would this raffle be a good financial investment for you and why? There is only one correct answer and reason. 0 Yes, because the expected value is positive. 0 Yes, because the expected value is negative. 0 No, because the expected value is positive. 0 No, because the expected value is negative