Please help! Correct answer only! For a fundraiser, there is a raffle with 100 tickets. One ticket will win a $150 prize, and the rest will win nothing. If you have a ticket, what is the expected payoff?

$ ___

Expected Payoff ⇒ $ 1.50 ; Type in 1.50

Step-by-step explanation:

Considering that 1 out of the 100 tickets will have a probability of winning a 150 dollar prize, take a proportionality into account;

Thus, Solution ; Expected Payoff ⇒ $ 1.50

it is a secret for it not to be compromised sorry

step-by-step explanation:

answer: 8

step-by-step explanation: if you add the possibilities 5 different flavor and 3 different sizes 5+3=8