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A raffle is conducted in which 1000 tickets are sold for $2.00 each. 1 ticket wins $500.00, 1 ticket wins $100.00, and 5 tickets win
A raffle is conducted in which 1000 tickets are sold for $2.00 each. 1 ticket wins $500.00, 1 ticket wins $100.00, and 5 tickets win $10.00. What is the expected value of a single ticket
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