B. Suppose you join a raffle event that will cost you a ticket worth P200 for a chance to win a grand prize of P10 000. You know that there are 500 tickets sold for the event and you want to find out the amount of money that will pay you off for buying one of the tickets. The situation is illustrated in the probability distribution below. Payoff (x) P 9 800 -P 200 499 P(x) 500 500 1. What is the expected payoff from joining the raffle? (2 points) 2. Interpret its value in the context of being paid off from joining the raffle. (2 points)