Twenty thousand raffle tickets are sold. One first of $1000, two second prizes of $750, and three third prizes of $200 each will be awarded, with all winners selected randomly. If you purchased one ticket, what are your expected gross winnings?
+36916 Not POSITIVE of this answer :
[(1)(1000) + 2 (750) + 3(200)] / 20 000 = .155 15.5 cents
