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Lottery

GRE-RHJFQX

A certain raffle drawing costs \$2.00 to enter, and 100 people are playing. The top prize will be \$100.00 (only one winner), the second prize will be \$50.00 (only one winner), and third prize will be \$25.00 (five winners).

What is the expected value of a ticket?

A

$\$0.75$

B

$\$0.89$

C

$\$1.00$

D

$\$2.00$

E

$\$2.75$