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Asked by Tiffany Wallace

A raffle sells 100 tickets at $2 apiece. There is one $500 prize, five $100 prizes, and ten $50 prizes.

What is the expected value
7 years ago

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Answered by Ms. Sue
Impossible!

The raffle takes in $200 and pays out $1500?

7 years ago
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A raffle sells 100 tickets at $2 apiece. There is one $500 prize, five $100 prizes, and ten $50 prizes.

What is the expected value

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