Suppose a local symphony decides to raise money by raffling

Last updated: 7/9/2022

Suppose a local symphony decides to raise money by raffling off a microwave oven worth $300, a dinner worth $100, and a book worth $20. A total of 1000 tickets are sold at $1 each. Find the expected value of winning for a person who buys 1 ticket. A. -$0.58 B. -$0.38 C. $0.64 D. $0.83 E. $1.15