Posted by
**Tina** on
.

A certain sweepstakes ticket has four categories of prizes with the following probabilities of being won:

Prize

Probability

$100,000

1/500,000

$50,000

1/250,000

$20,000

1/200,000

$10,000

1/100,000

If each ticket costs $1.00, what is the expected gain or loss?

Select one:

a. $.60

b. $6.00

c. $4.00

d. $.40