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A community youth group is having a raffle to raise funds. Several community businesses have donated prizes. The prizes and their retail value are listed
A community youth group is having a raffle to raise funds. Several community businesses have donated prizes. The prizes and their retail value are listed in the table below. Each prize will be given away, regardless of the number of raffle tickets sold. Tickets are sold for $15 each. Determine the expected value of a ticket, and discuss whether it would be to your financial advantage to buy a ticket under the given circumstances. (Round your answer to the nearest cent.)
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