Tickets for a raffle cost $18. There were 832 tickets sold. One
ticket will be randomly selected as the winner, and that person
wins $1700 and also the person is given back the cost of the
ticket. For someone who buys a ticket, what is the Expected Value
of this event?
If the Expected Value is negative, be sure to include the "-" sign
with the answer. Express the answer rounded to two decimal
places.
Expected Value = $