Mathematics, 10.12.2019 08:31 bryson9604

Five hundred chances are sold at $7 apiece for a raffle. there is a grand prize of $400, two second prizes of $275, and five third prizes of $50. first calculate the expected value of the lottery. determine whether the lottery is a fair game.

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Five hundred chances are sold at $7 apiece for a raffle. there is a grand prize of $400, two second...