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Five thousand tickets are sold at​ $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes awarded as​ follows: 1 prize of ​$700​, 3 prizes of ​$​100, 5 prizes of ​$10​, and 20 prizes of​ $5. What is the expected value of this raffle if you buy 1​ ticket?

Sagot :

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