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31-12-2019
Mathematics

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In a raffle, one ticket will win a $710 prize, and the remaining tickets will win nothing. There are 200 in the raffle. If you have a ticket, what is the expected payoff?

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khalid477 khalid477

31-12-2019

1 ticket will be $710 × 200 = $142000.

:. the expected pay off will be $142000.

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