Math 105 Online Chapter 4 Write-up Section 4.3: Expected Value 4. The Gone Squatchin' Lottery ticket can be purchased for $1 and has a top prize of $1,200. If you reveal a sasquatch symbol 98 you win that amount. If you reveal binoculars, . you also get $10. Using the prize table at https://www.oregonlottery.org/games/scratch-its/details/1283, here is the probability of winning each prize. Prize Probability 10 $1200 2, 160,000 GONE SQUATCHIN' $500 14 2, 160,000 80 $200 $100 $10 2, 160, 000 0090 0040000000 150 $100 SEARCHIN' FOR A WIN? CHECK OUT THE MOBILE APP!. 2, 160,000 600 $50 2, 160,000 Calculate the expected winnings for this ticket, showing your steps. [5 points] 2,000 $30 2, 160,000 8. 100 $15 2. 160, 000 10, 800 $10 2,160,000 13,500 $6 2. 160,000 13, 500 $5 2, 160,000 94, 500 $3 2, 160,000 135, 000 $2 2, 160,000 267, 300 $1 2, 160, 000 1, 614, 446 $0 2, 160_000 b. What is the expected profit or loss for this ticket? [2 points] R W