An individual pays $6 to enter a raffle drawing. There is a 1st
place prize of $750, a 2nd pla...
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Mathematics, 17.04.2020 02:00 nunu5671
An individual pays $6 to enter a raffle drawing. There is a 1st
place prize of $750, a 2nd place prize of $500, a 3rd place prize of $350, and a
4th place prize of $200. In total, one 1st place prize is won, four 2nd place
prizes are won, eight 3rd place prizes are won, and twelve 4th place prizes
are won. If 2300 people enter the raffle drawing, find the expected value
when you play this raffle drawing. Show your work to receive credit.
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Answers: 1
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