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The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 500 tickets. There

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $10 each and will sell 500 tickets. There is one $1,000 grand prize, five $100 second prizes, and ten $20 third prizes. You just bought a ticket. Find the expected value for your profit

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