For a 1 -dollar ticket, a lottery offers the following prizes: 1 prize of 25,000; 20 prizes
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For a 1 -dollar ticket, a lottery offers the following prizes:
1 prize of 25,000;
20 prizes of 1,000 each;
50 prizes of 100 each;
100 prizes of 25 each;
1500 prizes of 5 free tickets.
If 100,000 tickets are sold, find the expectation per ticket.
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Related Book For
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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