Mathematics, 26.03.2021 22:20 naenae1405

out of 500 tickets in a raffle, one ticket will win a $650 prize, two tickets will win a $530 prize, and ten ckets will win a $70 prize. The rest will win nothing. If you have a ticket, what is the expected payoff? $

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out of 500 tickets in a raffle, one ticket will win a $650 prize, two tickets will win a $530 prize, and ten ckets will win a $70 prize. The rest will win nothing. If you have a ticket, what is the expected payoff? $​

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Another question on Mathematics

out of 500 tickets in a raffle, one ticket will win a $650 prize, two tickets will win a $530 prize, and ten ckets will win a $70 prize. The rest will win nothing. If you have a ticket, what is the expected payoff? $