Please help! Correct answer only! A raffle has 1,000 tickets. One ticket will win a $830 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected payoff?

" Expected Payoff " ⇒ $ 0.830

Step-by-step explanation:

Consider the probability of entering 1 ticket out of the 1000 entered;

Solution ; " Expected Payoff " ⇒ $ 0.830 ( might or might not include 0 at end )

sadsdda

step-by-step explanation: