Frank Mcguire
04/22/2024 · Middle School
The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs \( \$ 2 \). There is 1 winning ticket out of the 180 tickets sold. The winner gets a prize worth \( \$ 62 \). Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? \( \$ \) Question Help: Add Work Subessage instructor Submit Question
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The expected value of one raffle ticket is approximately \(-\$1.64\).
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