document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1134965>Question 1134965</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 900 tickets. There is one $1,000 grand prize, four $300 second prizes, and thirteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.\r<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #752473 by </B><A HREF=/tutors/aboutme.mpl?userid=greenestamps><B>greenestamps(13200)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=greenestamps><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=greenestamps><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=752473\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <br><BR>\n" );
document.write( "In dollars, the expected payout from one ticket is<br><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=%281%2F900%29%2A1000%2B%284%2F900%29%2A300%2B%2813%2F900%29%2A10+=+%281000%2B1200%2B130%29%2F900+=+2330%2F900+=+233%2F90 ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" > = $2.48 to the nearest cent.<br><BR>\n" );
document.write( "The cost of the ticket is $7.00.<br><BR>\n" );
document.write( "The expected profit is<br><BR>\n" );
document.write( "$2.48-$7.00 = -$4.52 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );