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?

$ ___

Expected Payoff ⇒ $ 1.50 ; Type in 1.50

Step-by-step explanation:

Considering that 1 out of the 100 tickets will have a probability of winning a 150 dollar prize, take a proportionality into account;

Thus, Solution ; Expected Payoff ⇒ $ 1.50

a) false; the points do not have to be in a straight line.

step-by-step explanation:

the points could be in the shape of a triangle

b is incorrect

c is incorrect because it is saying the immediately don't form one when they are capable of doing so

d is incorrect