Site icon UK Essayz

A school is holding a fixed raffle, where only a certain number of tickets can be sold. The school sold …

  
A school is holding a fixed raffle, where only a certain number of tickets can be sold. The school sold 540 of these tickets for $2 each. One of the tickets will win $324, two of the tickets will win $108, and 5 tickets will win $54.
What is the expected value of each of these tickets for the people that purchase one ticket?_______________
Please round your answer to the nearest penny and if the value is negative, put that into the box also.