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The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket...

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Accounting

The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket out of the 250 tickets sold. The winner gets a prize worth $92. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket?

$ Calculate the expected value (to you) if you purchase 10 raffle tickets. $

What is the expected value (to the PTO) of one raffle ticket? $

If the PTO sells all 250 raffle tickets, how much money can they expect to raise for the classroom supplies? $

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