# math

1000 tickets for prizes are sold for \$2 each. Seven prizes will be awarded – one for \$400, one for \$200, and five for \$50. Steven purchases one of the tickets.
a) Find the expected value
b) Find the fair price of the ticket.

The expected value= 950/2000

1. 👍
2. 👎
3. 👁
1. 234620.023

1. 👍
2. 👎

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