A club is holding a raffle. Ten thousand tickets have been sold for $2 each. There
will be a 1st prize of $3000, 3 second prizes
of $1000 each, 5 third prizes of $500 each
and 20 consolation prizes of $100 each.
Find the expected winnings of a single ticket.

First take 10,000 * 2 = 20,000, because each of the 10,000 tickets cost 2 dollars.

3000(1/20000) + 1000(3/20000) + 500(5/20000) + 100(20/10000) = 10500/20000 = .525

Thus, each ticket is worth 52.5 cents.

Hope it helps <3

mk./km: lm

step-by-step explanation:

,mlmlm

; mk

lk

both equations and proportions are better.