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Suppose That a Raffle Ticket Costs $10 and There Is

Question 45

Multiple Choice

Suppose that a raffle ticket costs $10 and there is an 80 percent chance of not winning. For this raffle to be considered a fair gamble, the winning prize must be worth:


A) $50.
B) $100.
C) $150.
D) $200.
E) $250.

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