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

Question 74

Multiple Choice

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

A) -$9.36
B) $9.36
C) -$0.64
D) $0.64

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