Question

Tickets for a raffle cost $ 9. There were 788 tickets sold. One ticket will be randomly selected as the winner, and that person wins $ 1700 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)? If the Expected Value is negative, be sure to include the "-" sign with the answer. Express the answer rounded to two decimal places.

Answer 1

Answer:

24 because you have to subtract