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April 19, 2015

Homework Help: math

Posted by lawerance on Wednesday, November 13, 2013 at 2:10pm.

Ten thousand raffle tickets are sold. 1 first prize of $1800, 3 second prizes of $600 each, and 9 third
prizes of $200 each are to be awarded, with all winners selected randomly. If you purchase one
ticket, what are your expected winnings?

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