The Math Is Cool club is having a raffle. There is one First Prize of $150 and 5 Honorable Mention prizes of $45 each. Tickets will cost $2.50 each and they plan to sell 2500 tickets. Use this information to answer the questions below. Round decimal answers to 2 decimal places. a. What is the expected value of this raffle?
b. Suppose you buy 6 tickets. How much money can you expect to win/lose with your 6 tickets?

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively