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Tickets for a raffle cosr $ 10. There were 833 tickets sold. One ticket will be randomly selected as the winner, and that person wins

Tickets for a raffle cosr

10. There were 833 tickets sold. One ticket will be randomly selected as the winner, and that person wins

1500 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)?

If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer rounded to two decimal places.

Expected Value = $

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