Alocal pta runs a fundraiser, selling lottery tickets for $5, offering 1 first prize of $100 and 5 second prizes worth $20 each. they sell 100 tickets. what is the expected value of each ticket? -$3 $3 -$2.7 $2.7

100 tickets were sold.
The total amount of the tickets sold is = 5 * 100 = $500. 
First prize given = $100
Second prize worth = $20 * 5 = $100
Total worth of prize + $100 + $100 = $200.
Net amount of tickets sold = $500 - $200 = $300
Expected price of each ticket sold = $300/100 = 3.
Therefore, the real price of each ticket sold is $3.

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