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Mathematics, 03.01.2022 05:20 dontcareanyonemo

In a raffle, one ticket out of 50 will win a $110 prize, and two tickets will win a $30 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected payoff?

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In a raffle, one ticket out of 50 will win a $110 prize, and two tickets will win a $30 prize. The r...
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