A school raffle sells 1,000 tickets at $1 each for a $350 bookstore credit.If Ramona buys one ticket,what is her expected value of the gain for this gamble?
A) -$0.65
B) -$0.20
C) -$350
D) -$0.001
E) $0.35

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The Answer of A school raffle sells 1,000 tickets at $1 each for a $350 bookstore credit.If Ramona buys one ticket,what is her expected value of the gain for this gamble?
A) -$0.65
B) -$0.20
C) -$350
D) -$0.001
E) $0.35

A School Raffle Sells 1,000 Tickets at $1 Each for a $350