document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1128748>Question 1128748</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A raffle has a grand prize of a Caribbean cruise valued at $14,000 with  for each ticketa second prize of a Las Vegas getaway valued at $800. If each ticket costs $5 and 8800 tickets are sold, what are the expected winnings far a ticket buyer? Round to the nearest penny. </SPAN>\n" );
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document.write( "(1/8880) * $14,000 for the grand prize<BR>\n" );
document.write( "(1/8880) * $800 for the second prize<br><BR>\n" );
document.write( "Total expected value:<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281%2F8880%29%2A14000%2B%281%2F8880%29%2A800+=+14800%2F8880+=+5%2F3 ALIGN=MIDDLE  ALT=\"%281%2F8880%29%2A14000%2B%281%2F8880%29%2A800+=+14800%2F8880+=+5%2F3\"   DISABLED_style= \"max-width:90%; height:auto;\" ><br><BR>\n" );
document.write( "The expected winnings (payout) is 5/3 of a dollar for each ticket.  To the nearest penny, that is $1.67.<br><BR>\n" );
document.write( "If you include the $5 cost of the ticket, the expected \"winnings\" is $1.67-$5 = -$3.33. </SPAN>\n" );
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