Question

Please help! Correct answer only!

Answer 1

Answer:

$ 3.60 ; Type in 3.60

Step-by-step explanation:

Consider the steps below;

$Total Number of Tickets - 50 Tickets,\\Possible Number of Tickets Entered - 1 Ticket,\\\\Proportion - 1 / 50\\Money Won - 180 Dollars,\\\\Proportionality - 1 / 50 = x / 180, Where, x = " Expected Payoff "\\\\1 / 50 = x / 180,\\1 / 50 * 180 = x,\\x = 180 / 50,\\x = 3.60 Dollars,\\\\Conclusion ; x = 3.60 Dollars$

Solution ; " Expected Payoff " ⇒ $ 3.60