500 tickets to be sold at 10 each. Only one prize of2000 to awarded. If I purcha

Question

500 tickets to be sold at 10 each. Only one prize of2000 to awarded. If I purchase one ticket, what is myexpected value or my expected earnings from mypurchase.         
1/500 x ($2000-10) = 3.98 499/500 x -$10     =-9.98                                 = -6.00 is this correct 500 tickets to be sold at 10 each. Only one prize of2000 to awarded. If I purchase one ticket, what is myexpected value or my expected earnings from mypurchase.         
1/500 x ($2000-10) = 3.98 499/500 x -$10     =-9.98                                 = -6.00 is this correct

Explanation / Answer

1/500 x ($2000-10) = 3.98

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