Mathematics, 08.06.2020 23:57 mojr1000

Please help! Correct answer only! In a raffle, one ticket out of 1,000 will win a $870 prize, one ticket will win a $820 prize, and one ticket will win a $740 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

Please help! Correct answer only!

In a raffle, one ticket out of 1,000 will win a $870 prize, one

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