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A raffle offers a first prize of $400 and 3 second prizes of $75 each. One ticket costs $3, and 400 tickets are sold. Find

A raffle offers a first prize of $400 and 3 second prizes of $75 each. One ticket costs $3, and 400 tickets are sold. Find the expected payback for a person who buys 1 ticket. Is this a fair game? The expected payback for a person who buys 1 ticket is $

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