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A school raffle ticket is sold for $10. The grand prize is $5000. There are ten first place prizes of $200 each and 50 second

A school raffle ticket is sold for $10. The grand prize is $5000. There are ten first place prizes of $200 each and 50 second place prizes of $50 each. If there are 10,000 tickets sold, what is the expected value of a raffle ticket?

a. $0.95

b. $9.50

c. - $0.95

d. - $9.50

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