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A raffle has a grand prize of a Caribbean cruise valued at $9500 with a second prize of a Rocky Point vacation valued at $1500.
A raffle has a grand prize of a Caribbean cruise valued at $9500 with a second prize of a Rocky Point vacation valued at $1500. If each ticket costs $2 and 9400 tickets are sold, what are the expected winnings far a ticket buyer?Express to at least three decimal place accuracy in dollar form (as opposed to cents).
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