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A travel softball team is trying to raise funds to go to the Colorado Sparkler, a major summer national tournament. The team is going to sell 3000 raffle tickets for $7 each. The prizes and their probabilities are summarized in the following table. What is the expected value for this for the prize amount for one entry? Round your answer to the nearest hundredth (since we're talking about dollars and cents). You might get a negative answer, if so, include the sign. Don't worry about the dollar sign.

Prize Amount, x Probability of Winning, P(x)
$3,169 1/3000
$1,380 1/3000
$522 2/3000
$261 2/3000
- $7 2994/3000

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