Help Let’s compare two different raffles to see which ticket you should buy?

A. Raffle 1: 800 raffle tickets are sold $2.00 each. There is one gran prize for $450 and two consolation prizes of $100 each that will be awarded. What is the expected value of one ticket?

B. Raffle 2: 350 raffle tickets are sold for $2.00 each. There is one grand prize of $150 and three consolation prizes of $50 each. What is the expected value of one ticket?