Multiply the amount of the notebooks which is 3, by the cost of the notebook, which is $15.85. that is $47.55.
to find how much it costs with the coupon, do the notebook cost and subtract that by 0.75
$47.55 - 0.75 = $46.8
The answer for the question is 20.25
To find the expected value of your gain in each prize, subtract the price of the ticket from the prize:
If the prize is $500: $500 - $2 = $498
If the prize is $250: $250 - $2 = 248
If the prize is $160: $160 - $2 = $73
But if you did not win any cash prize, you do not have any gain because
0 cash prize - $2 ticket = -$2 which is a loss
The decimal goes between four and the other four
