gracibrooke4065 gracibrooke4065

03-01-2020
Mathematics

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Out of 1,000 tickets in a raffle, one ticket will win a $710 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

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konofre199 konofre199

03-01-2020

Answer: $142,000
Explanation: $710 x $200 = $142,000

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