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A lottery is held. 100 tickets are sold for $5 each. if one ticket will win $300 and the rest win nothing, what is the average value of a ticket.

User Kiford
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depends on which way you look at it.  100 tickets at 5 is 500 total.  but if your payout is 300 then divide that by 100 which is 3.  So the average value of a ticket is 3 while the other 200 goes to whatever.
User Valery Letroye
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