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.