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An auction house sells raffle tickets for $1. There are 10 prizes, each worth $10. If 100 raffle tickets are sold, what is the expected value of each ticket? $0 $1 -$1 $10
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An auction house sells raffle tickets for $1. There are 10 prizes, each worth $10. If 100 raffle tickets are sold, what is the expected value of each ticket?

$0
$1
-$1
$10

User Itamarb
by
8.1k points

1 Answer

3 votes
There are $100 worth of prizes and $100 worth of tickets sold. Each ticket has a value of $1.
User SidD
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7.8k points
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