Mathematics, 08.06.2020 18:57, desiree98

Please help! Correct answer only! For a fundraiser, there is a raffle with 125 tickets. One ticket will win a $500 prize, and the rest will win nothing. If you have a ticket, what is the expected payoff?

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Please help! Correct answer only!

For a fundraiser, there is a raffle with 125 tickets. One ticke

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Please help! Correct answer only! For a fundraiser, there is a raffle with 125 tickets. One ticket will win a $500 prize, and the rest will win nothing. If you have a ticket, what is the expected payoff? $___

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Please help! Correct answer only! For a fundraiser, there is a raffle with 125 tickets. One ticket will win a $500 prize, and the rest will win nothing. If you have a ticket, what is the expected payoff?

$___