Araffle offers a first prize of​ $1000, 2 second prizes of​ $300, and 20 third prizes of​ $10 each. if 2 tickets are sold at 50 cents ​each, find the expected winnings for a person buying 1 ticket.

The expected wining from 1 ticket will be −41 cents.

Step-by-step explanation:

Consider the provided information.

A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each.

Out of 20000 tickets the probability of not winning is:

The expected value of gain or loss is:

The expected wining from 1 ticket will be −41 cents.

c > -10.55

step-by-step explanation:

the absolute value function