Mathematics, 09.06.2020 03:57 lauren203

Please help! Correct answer only! Out of 250 tickets in a raffle, one ticket will win a $190 prize, one ticket will win a $120 prize, one ticket will win a $90 prize, and one ticket will win a $50 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

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Out of 250 tickets in a raffle, one ticket will win a $190 priz

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Please help! Correct answer only! Out of 250 tickets in a raffle, one ticket will win a $190 prize, one ticket will win a $120 prize, one ticket will win a $90 prize, and one ticket will win a $50 prize. The rest will win nothing. If you have a ticket, what is the expected payoff? $_

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Please help! Correct answer only! Out of 250 tickets in a raffle, one ticket will win a $190 prize, one ticket will win a $120 prize, one ticket will win a $90 prize, and one ticket will win a $50 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

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