Question

A raffle for charity cost 5$ to enter . There are three prizes . First is worth 25$ , second prize is worth 15$ and the third prize is worth 10$ . If 20 people entered the raffle with an equal chance to win , what is expected loss or gain for one ticket ?
A.) loss of 3.25
B.) gain 7.50
C.) loss of 2.50
D.) gain of 1.59

Answer 1

I would honestly say either b or d but I'm not completely sure most likely b

Answer 2

The answeris B , simply because your not losing nothing you are gaining.