What is the expected value of a single ticket? A charitable organization is selling raffle tickets as

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What is the expected value of a single ticket?

A charitable organization is selling raffle tickets as a fundraiser. They intend to sell 5,000 tickets at $\$ 10$ each. One ticket will be randomly selected to win the grand prize of a new car worth $\$ 35,000$.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: Jun 03, 2024 02:00 AM

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What is the expected value of a single ticket? A charitable organization is selling raffle tickets as

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Contemporary Mathematics

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