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Provide an appropriate response. The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one: $3800

Provide an appropriate response.

The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one:

$3800 (1chance in 8300); $2500 (1 chance in 5700); $700 (1 chance in 3500); $300 (1 chance in 2500). Find the expected value of the amount won for one entry if the cost entering is 73 cents.

A. $0.49

B. $0.64

C. $1.10

D. $300

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