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Find the expected value of a raffle where: 1 ticket costs $86, and there is only one $49,884 winning ticket out of 2,534 tickets sold?

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Find the expected value of a raffle where: 1 ticket costs $86, and there is only one $49,884 winning ticket out of 2,534 tickets sold? Hint: Use the table below to determine the expected value. X P(x) Win Lose Round your final answer to 3 decimal places. Expected Value: / =

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