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At a Raffle, 10,000 Tickets Are Sold at $5 Each

Question 20

Multiple Choice

At a raffle, 10,000 tickets are sold at $5 each for three prizes valued at $4,800, $1,200, and $400. What is the expected value of one ticket?

A) -$4.36
B) $4.36
C) $0.64
D) -$0.64

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