Posted by **denise** on Monday, November 26, 2012 at 9:33pm.

Suppose you are selling raffle tickets for $3.00 each. You have the following prizes.1 grand prize of $150

1 prize of $75

1 prize of $50

1 prize of $25

5 prizes of $10 each

A total of 500 raffle tickets are sold. What is the expected value of each ticket?