A school is holding a fixed raffle, where only a certain number of tickets can be sold. The school sold ...

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A school is holding a fixed raffle, where only a certain number of tickets can be sold. The school sold 540 of these tickets for $2 each. One of the tickets will win $324, two of the tickets will win $108, and 5 tickets will win $54.

What is the expected value of each of these tickets for the people that purchase one ticket?_______________

Please round your answer to the nearest penny and if the value is negative, put that into the box also.

    • 8 years ago
    Probability of a ticket winning $324 = 1/540 ...
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