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The AMS is running a fundraiser by selling lottery tickets for $2 each. Each ticket indepen- dently has a 1/50 chance of winning $95. A

The AMS is running a fundraiser by selling lottery tickets for $2 each. Each ticket indepen- dently has a 1/50 chance of winning $95. A student with just $10 decides that they will purchase one ticket each day. They decide that they will stop if they either win once (i.e., they will not purchase more tickets), or until they run out of money. a) Provide the prob

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