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# A lottery has a grand prize of \$60,000 , three runner-up prizes of \$12,000 each, nine third-place prizes of \$1500 each, and twenty-five consolation...

A lottery has a grand prize of \$60,000three runner-up prizes of \$12,000 each, nine third-place prizes of \$1500 each, and twenty-five consolation prizes of \$120 each. If 300,000tickets are sold for \$1 each and the probability of any one ticket winning is the same as that of any other ticket winning, find the expected net winnings on a \$1 ticket. (Round your answer to two decimal places.)

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