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You buy a raffle ticket for $13. You may win $0, $10, $50, or $100. The probability table for the different prizes is given
You buy a raffle ticket for $13. You may win $0, $10, $50, or $100. The probability table for the different prizes is given in the table. Prizes Probabilities $0.00 0.8 $10.00 0.15 $50.00 0.03 $100.00 0.02 Find the expected value of your net winnings. Remember that you are paying $13 to play. Be sure to attend to the sign of your answer, and round to the nearest cent (two decimal places.) Do not include a dollar sign in your answer. It is already included at the left. Question Help: Written Example Submit Question
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