Please help! Correct answer only! For a fundraiser, there is a raffle with 100 tickets. One ticket will win a $150 prize, and the rest will win nothing. If you have a ticket, what is the expected payoff?

$ ___

I would say $0.
There are 100 tickets and you only have one (1 / 100).
This means you have a 1% chance of winning.
Although you can still will, it is expected you won’t due to your percent chance.
(The rest will win nothing)

That is so true, i can’t believe how true this is