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 300 tickets sold. The winner gets a prize worth $62. 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 6 raffle tickets. $

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

If the PTO sells all 300 raffle tickets, how much money can they expect to raise for the classroom
supplies? $