Mathematics, 15.12.2020 16:30 jamiecoolgal8697
A community festival sells 20,000 raffle tickets for $10 each. There are 4 possible prize levels. The grand prize is a golf cart valued at $6,000. There are two winners of $1,000, three winners of $500, and ten winners of $100. What is the expected value of a raffle ticket?
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A community festival sells 20,000 raffle tickets for $10 each. There are 4 possible prize levels. Th...
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