okcool4811 okcool4811

17-10-2022
Mathematics

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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 $, 3 prizes of $, 5 prizes of $, and 20 prizes of $5. what is the expected value of this raffle if you buy 1 ticket?

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