Mathematics, 08.07.2020 02:01 mikeylaaliz5901
Five thousand tickets are sold at $1 each for a charity raffle. tickets are to be drawn at random and monetary prizes awarded as follows: 1 prize of $500, 3 prizes of $300, 5 prizes of $30, and 20 prizes of $5. what is the expected value of this raffle if you buy 1 ticket?
Answers: 3
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Five thousand tickets are sold at $1 each for a charity raffle. tickets are to be drawn at random an...
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