Mathematics, 14.12.2020 05:20 johnnyboy41706

Tickets for a raffle cost $6. There were 692 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1200 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)?

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Tickets for a raffle cost $6. There were 692 tickets sold. One ticket will be randomly selected as t...

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