document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1099295>Question 1099295</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A charity holds a raffle in which each ticket is sold for $40. A total of 8200 tickets are sold. They raffle one grand prize which is a Mercedes Benz E350 valued at $60000 along with 6 second prizes of Ducati motorcycles valued at $11000 each. What are the expected winnings for a single ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents). <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #713730 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=713730\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The total value of the prizes is 60,000 +6(11,000), or 126,000. The payout per ticket is 126,000/8,200=$15.366. Since each ticket cost $40, the expected return, per ticket is 15.366-40, or -$24.634<BR>\n" );
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