Suppose you buy a ticket for a raffle. The ticket price is $5 and the price is worth $200. If 100 tickets were sold. What is the prob that you will win the prize. How much money do you expect to win/lose?

Answer 1

I think you meant 'prize' when you were talking about the $200. Careful with typos, they can really mess you up sometimes.

There is a question that was already posted and answered below. It is labeled 'El Camino College' I believe.