If X Is the Net Gain to a Player in a Game

Multiple Choice

If x is the net gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose over the long run. A service organization is selling $2 raffle tickets as part of a fundraising program. The first prize is a boat valued at $2950, and the second prize is a camping tent valued at $400. In addition to the first and second prizes, there are twenty-four $23 gift certificates to be awarded. The number of tickets sold is 3000. Find the expected net gain to the player for one play of the game. Round your answer to the nearest cent.

A) $\$$ 1122.33
B) $\$$ 1.40
C) $\$$ 0.70
D) -$0.7
E) -$1122.33