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7. At a raffle, 1500 tickets are sold at $2 each for 4 prizes of $500, $250, $150, and $75. You bought one of the
7. At a raffle, 1500 tickets are sold at $2 each for 4 prizes of $500, $250, $150, and $75. You bought one of the tickets. What is the expected value of your gain?
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