Can you help me solve this last part of my statistics problem? I'm really confused on how to get the answer?
A. How many different selections are possible? I got 1,000.
B. What is the probability of winning? I got .001
C. If you win, what is your net profit? I did 496.69-1.33 and got $495.36.
D. Find the expected value and round to the nearest hundredth as needed.
This part really confused me. Please help?