A raffle has a grand prize of a European cruise valued at 11

A raffle has a grand prize of a European cruise valued at $11500 with a second prize of a Las Vegas getaway valued at $700. If each ticket costs $3 and 10000 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
Answer: $

Solution

A raffle has a grand prize of a European cruise valued at $11500 with a second prize of a Las Vegas getaway valued at $700. If each ticket costs $3 and 10000 ti

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