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Four hundred raffle tickets are sold for $2 each. A 1st prize of $200 is awarded, and one 2nd prize of $100. What is the

Four hundred raffle tickets are sold for $2 each. A 1st prize of $200 is awarded, and one 2nd prize of $100.

What is the Expected Value of purchasing one ticket? ______

What is the fair price of a ticket? ______

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