The expected loss is $1.83. Step-by-step explanation: The average value for each ticket is calculated as... ($100 + 5($20)) / 1200 = $200 / 1200 ≈ $0.1667 ≈ $0.17. Since purchasing a ticket costs $2.00, your anticipated value becomes... -$2.00 + 0.17 = -$1.83, leading to a loss of $1.83.
Response:

Step-by-step explanation:

To calculate 5% of our number, we start by multiplying by 0.05

Next, by adding and subtracting this 5% from our original number, we can find the minimum and maximum possible values of our final answer in the specified range.

We can ascertain that
fits within the acceptable range, as:

Therefore, our final answer will be:
