You have been given (at no cost to you) one ticket for a raffle with a grand prize of $1,000.There are two prizes worth $100 and five prizes worth $20.If you know that only 100 tickets have been distributed, what is the expected value of your winnings?

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The Answer of You have been given (at no cost to you) one ticket for a raffle with a grand prize of $1,000.There are two prizes worth $100 and five prizes worth $20.If you know that only 100 tickets have been distributed, what is the expected value of your winnings?

You Have Been Given (At No Cost to You) One