The officers of EVNHS Class 71 decided to conduct a lottery for the benefit of the less privileged students of their alma mater. Two hundred tickets will be sold. One ticket will win Php 5, 000 price and the other tickets will win nothing. If you will buy one ticket, what will be your expected gain? To answer the problem, follow the steps below and complete the table. Step 1. Find the probability of losing. Step 2. Find the probability of winning. Step 3. Find the mean or expected value. P(x) *P(x) 0 Php 5,000 Mean = u = x · P(x) =
