Mathematics, 26.03.2021 02:10 kokilavani

A lottery offers one $900 prize, one $600 Prize, three $400 prizes, and four $100 prizes. One thousand tickets are sold at $5 each. Find the expectation if a person buys four tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems.

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A lottery offers one $900 prize, one $600 Prize, three $400 prizes, and four $100 prizes. One thousa...

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