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May 3, 2015

Homework Help: Math

Posted by Trey on Wednesday, March 18, 2009 at 10:27pm.

Raffle. There is a prize drawing for a new computer and a new stereo system. Suppose there are 1500 raffle tickets sold. The computer is worth $1000 and the stereo is worth $500. If the ticket cost $5, what is the expected value if you purchase one ticket?

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