Question
A church in town is raffling off five $50 prizes, two $100 prizes, and one $500 prize. Assume the church sells 300 tickets. If the
A church in town is raffling off five $50 prizes, two $100 prizes, and one $500 prize. Assume the church sells 300 tickets.
If the tickets cost $10 each, what is the expected value for a ticket?
The answer will be in dollars, but do not put a dollar sign in your answer. Answer must correctly be positive or negative.
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