Alocal flower shop is selling $1 raffle tickets and is donating all proceeds to the children's hospital. they sold 5,500 tickets and plan to give away 20 flower arrangements valued at $70 and 20 gift certificates valued at $25. find the expected value of purchasing a raffle ticket.

round to the nearest cent. do not round until the final calculation.

The expected value of purchasing a raffle ticket would be $0.3449.

Step-by-step explanation:

Since we have given that

Number of tickets = 5500

Number of flower arrangements = 20

Number of gift certificates = 20

So, Probability that wining $70 at flower arrangement =

Probability that wining $25 at gift certificates =

So, Expected value of purchasing a raffle ticket would be

Hence, the expected value of purchasing a raffle ticket would be $0.3449.

215.92 dollars is the answer