In a raffle, one ticket out of 500 will win a $570 prize, and one ticket will win a $550 p The other tickets will win nothing. If you have a ticket, what is the expected payoff?

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asked Mar 23, 2023 162k views

3 votes

In a raffle, one ticket out of 500 will win a $570 prize, and one ticket will win a $550 p The other tickets will win nothing. If you have a ticket, what is the expected payoff?

Mathematics
college

Zeacuss asked

by Zeacuss

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Kaushik Roy answered Mar 27, 2023

by Kaushik Roy

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