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3. Local charity is selling $5 raffle tickets as part of Christmas fund-raising program. 1,200 tickets are sold. The four prizes are $1,000, $800, $500,

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3. Local charity is selling $5 raffle tickets as part of Christmas fund-raising program. 1,200 tickets are sold. The four prizes are $1,000, $800, $500, and $350. You buy one ticket. What is E(x), expected value of your gain/loss

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