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In a raffle, one ticket out of 50 will win a $190 prize, and one ticket will win a $60 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected …
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In a raffle, one ticket out of 50 will win a $190 prize, and one ticket will win a $60 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected …
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Sep 18, 2023
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In a raffle, one ticket out of 50 will win a $190 prize, and one ticket will win a $60 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected payoff?
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The expected payoff is:
the expected payoff is 5
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