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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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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?

User Zeacuss
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User Kaushik Roy
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