1. The problem statement, all variables and given/known data 1,000 raffle tickets are being sold for $100 each. The winning prize is worth $75,000. Find the expected net winnign for the winner if he/she buys one ticket. 2. Relevant equations 3. The attempt at a solution I'm not exactly sure what the "expected" net winnings mean. I've been searching on the internet, but came up empty. Thanks for any help you can give me on this.