# The student council is hosting a drawing to raise money for scholarships. They are selling tickets for \$5 each and will sell 900 tickets. There is one \$2,000 grand prize, three \$400 second prizes, and fourteen \$30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent

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The student council is hosting a drawing to raise money for scholarships. They are selling tickets for \$5 each and will sell 900 tickets. There is one \$2,000 grand prize, three \$400 second prizes, and fourteen \$30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent

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Step 1

According to the provided information, the number of tickets they will sell is 900...

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