SAT, 06.12.2020 05:30 rhiannonwheatcr4468
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 $900, 3 prizes of $200, 5 prizes of $40, and 20 prizes of $5. What is the expected value of this raffle if you buy 1 ticket?
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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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