Raffle Fundraiser For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1 ticket. Using this information, complete the probability distribution. Enter...

How do I figure out the probability

Extracted text: Raffle Fundraiser For a fundraiser, 1000 raffle tickets are sold for $2 each with a chance to win $200 in cash. You buy 1 ticket. Using this information, complete the probability distribution. Enter the probabilities as fractions using / for the division bar. I Net Win or Loss P(r) → Probability Win + +$ 198 Lose $2 Round answers to the nearest hundredth, if necessary. 1. What is the expected value? 2. Is this game fair? No : 3. The ticket cost $2, so, in the long run, you should expect to lose $ 2 4. What is the standard deviation? Check