<PRE><B>Question 1032825</B>
Ten thousand raffle tickets are sold. One first prize of $2000, 4 second prizes of $800 each, and 10 third prizes of $400 each are to be awarded, with all winners selected randomly. If you are given one ticket, what are your expected winnings?
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Random &quot;winnings&quot;:: ......2000.......800......400.....0
Probabilities::..........1/10^4....4/10^4..10/10^4....9985/10^4
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E(x) = [2000 + 4*800 + 4000 + 9985*0]/10^4 = 9200/10000 = $0.92
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Why that answer?
What was the pice of each ticket?  Your post says it was zero.
Was it?
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Cheers,
Stan H.
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A) $230 
B) $255 
C) $500 
D) $260 </PRE>