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A college foundation raises funds by selling 6 0 0 raffle tickets for a new car worth $ 5 0 , 0 0 0 at
A college foundation raises funds by selling raffle tickets for a new car worth $ at $ each.
a Find the expected net winnings of a person buying one of the tickets.
b Find the total profit for the foundation, assuming they had to purchase the car.
c Find the total profit for the foundation, assuming the car was donated.
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