Ten thousand raffle tickets are sold. One first prize of $2000, 4 second prizes of $800 each, and 10 third prizes of $400 each are to be awarded, with all winners selected randomly. If you are given one ticket, what are your expected winnings?

A) 92 cents B) 32 cents C) 152 cents D) 116 cents

2)The table shows the prizes and probabilities of winning (on a single $1 ticket) for a particular state lottery. Find the expected value of the winnings for a single lottery ticket.

Prize Probability

8 million (jackpot) 150,000 1 in 76,275,360

1 in 2,179,296

1 in 339,002

1 in 9686 1 in 7705

1in220

1in102

1in62

5000

 150 100 5 2 1

A) -$0.73 B) -$0.78 C) $0.27 D) -$0.69