1.) A raffle has a grand prize of a European cruise valued at $11500 with a second prize of a Rocky Point vacation valued at $1100. If each ticket costs $2 and 10000 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).
2.) Consider the following game of chance based on the spinner below:
Each spin costs $2. If the spinner lands on A the player wins $8, if the spinner stops on B the player wins a penny otherwise the player wins nothing. Calculate the players expected winnings. Express your answer to at least three decimal places in dollar form.