Mathematics, 27.11.2019 09:31 ashleydawn6430

At a raffle, 1000 tickets are sold for $5 each. there are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. suppose you buy one ticket. 3. if you play in such a raffle 100 times, what is the expected value of your net gain? 2. find the mean (expected value) of your net gain x, and interpret what this value means in the context of the game.

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At a raffle, 1000 tickets are sold for $5 each. there are 20 prizes of $25, 5 prizes of $100, and 1...