One thousand chances are sold at $6 apiece for a raffle. There is a grand prize of $650, two second prizes of $200, and five third prizes of $150. First calculate the expected value of the lottery. Determine whether the lottery is a fair
game. If the game is not fair, determine a price for playing the game that would make it fair.

(01.03 mc) which of the following is a step in simplifying the expression x multiplied by y to the power of 2 over x to the power of negative 3 multiplied by y to the power of 3, the whole to the power of negative 4. select one: a. x to the power of negative 4 multiplied by y to the power of negative 2, the whole over x to the power of negative 7 multiplied by y to the power of negative 1. b. x to the power of negative 4 multiplied by y to the power of negative 8, the whole over x to the power of 12 multiplied by y to the power of negative 12. c. x to the power of negative 4 multiplied by y to the power of negative 8, the whole over x to the power of negative 3 multiplied by y to the power of 3. d. x to the power of negative 4 multiplied by y to the power of negative 2, the whole over x to the power of negative 3 multiplied by y to the power of 3.