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Mathematics, 06.05.2020 02:10 toddb8106

Tickets for a raffle cost $13. There were 810 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1100 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)?

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Tickets for a raffle cost $13. There were 810 tickets sold. One ticket will be randomly selected as...

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