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A school raffle offers one $500 prize and ten $50 prizes. 700 tickets are sold at 55 each. a. Let X be the gain from

A school raffle offers one $500 prize and ten $50 prizes. 700 tickets are sold at 55 each. a. Let X be the gain from purchasing one ticket. Construct the corresponding probability distribution for X b. Find the expected gain or expectation if a person purchases one ticket. C Is this a fair game?

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