In a Lottery, 4,000 Tickets Are Sold for $1 Each

question 200

Multiple Choice

In a lottery, 4,000 tickets are sold for $1 each. One first prize of $2,000, 1 second prize of $800, 3 third prizes of $120, and 10 consolation prizes of $12 are to be awarded. What are the expected net earnings of a person who buys one ticket?

• A) cents
• B) cents
• C) cents
• D) cents
• E) cents

---

Definitions:

J.D.

Juris Doctor, a graduate-level professional degree in law.

Addressee's Name

The name of the individual or entity to whom a letter, package, or electronic communication is directed.

Addressee's Title

The formal or professional title used when addressing or referring to someone, especially in written correspondence.

Reference Line and Salutation

Components of a letter where the reference line indicates the purpose or subject, and the salutation is a greeting to the recipient, typically starting with "Dear" followed by the recipient's title and name.