Solved: If each ticket costs 3 and 8600 tickets are sold what are, Basic Statistics

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If each ticket costs 3 and 8600 tickets are sold what are

A raffle has a grand prize of a European cruise valued at $6500 with a second prize of a Las Vegas getaway valued at $700. If each ticket costs $3 and 8600 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).

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Basic Statistics: If each ticket costs 3 and 8600 tickets are sold what are

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