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A college foundation raises funds by selling 600 raffle tickets for a new car worth $ 31,000 at $120 each. (a) Find the expected net

A college foundation raises funds by selling 600 raffle tickets for a new car worth

$ 31,000 at

$120 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.

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