Question: please explain how you got it. i know it's already posted here on Chegg but I don't understand when they use 55k to calculate the

please explain how you got it. i know it's already posted

please explain how you got it. i know it's already posted here on Chegg but I don't understand when they use 55k to calculate the worth of each card.

6. A small-time bingo card costs P100.00 for 5 games. The prize for the first three games is P5,000.00, the fourth is P10,000.00 and the last prize is P20,000.00. If 1,000 bingo cards are going to be sold and you could only win once, what is the expected value of a ticket? (10 points)

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