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A lottery scratch-off ticket offers the following payout amounts and respective probabilities. What is the expected payout of the game? Probability Payout Amount 0.699 $0

A lottery scratch-off ticket offers the following payout amounts and respective probabilities. What is the expected payout of the game?

Probability Payout Amount

0.699 $0

0.25 $5

0.05 $1000

0.001 $10,000

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