Mathematics, 08.06.2020 18:57 aceves5493

Please help! Correct answer only! In a raffle, one ticket out of 250 will win a $230 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

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In a raffle, one ticket out of 250 will win a $230 prize. The r

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Please help! Correct answer only! In a raffle, one ticket out of 250 will win a $230 prize. The rest will win nothing. If you have a ticket, what is the expected payoff? $__

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Another question on Mathematics

Please help! Correct answer only! In a raffle, one ticket out of 250 will win a $230 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

$__