Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

A lottery offers one $1000 prize, two $700 prizes, three $300 prizes, and five $100 prizes. One thousand tickets
are sold at $5 each. Find the expectation if a person buys five tickets. Assume that the player's ticket is replaced after each draw
and that the same ticket can win more than one prize. Round to two decimal places for currency problems.