The total number of tickets that can be redeemed for prizes is 4/100*400=16
The number of tickets that have values in excess of $100 is 4/100*16=0.64. Answer: \boxed{1}.
The number of tickets that have values in excess of $100 is 4/100*16=0.64. Answer: \boxed{1}.
Step 1: Calculate the number of tickets that can be redeemed for prizes.
Since 4% of the printed tickets can be redeemed for prizes, we can use the formula: Number of tickets = (percentage / 100) Γ total tickets
Number of tickets = (4 / 100) Γ 400
Number of tickets = 0.04 Γ 400
Number of tickets = 16
Step 2: Calculate the number of tickets with values exceeding $100.
Since 4% of the redeemed tickets have values exceeding $100, we can use the same formula:
Number of tickets = (percentage / 100) Γ total tickets
Number of tickets = (4 / 100) Γ 16
Number of tickets = 0.04 Γ 16
Number of tickets = 0.64
Therefore, out of the 400 printed tickets, 0.64 of them can be redeemed for more than $100.