Mathematics, 03.03.2021 04:40 SmallPepsiCan7260

A company offers a raffle whose grand prize is a $35,000 new car. Additional prizes are a $900 television and a $600 computer. Tickets cost $18 each. Ticket income over the cost of the prizes will be donated to charity. Use the method of Example 9.8.5 to answer the following question. If 3,000 tickets are sold, what is the expected gain or loss (in dollars) of each ticket?

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A company offers a raffle whose grand prize is a $35,000 new car. Additional prizes are a $900 telev...

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