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Question A raffle offers a first prize of​ $1000, 2 second prizes of​ $300, and 20 third prizes of​ $10 each. If 10000 tickets are sold at 25 cents ​each, find the expected winnings for a person buying 1 ticket.

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Question

A raffle offers a first prize of​ $1000, 2 second prizes of​ $300, and 20 third prizes of​ $10 each. If

10000 tickets are sold at 25 cents ​each, find the expected winnings for a person buying 1 ticket.

 
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