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Mathematics, 19.02.2022 02:00 drcarver
A lottery sells 1000 tickets at $1 apiece. There is one winner who receives $100, and 5 second place winners who receive $50 each. What is the expected value of a ticket? In your final answer, include the necessary calculations.
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A lottery sells 1000 tickets at $1 apiece. There is one winner who receives $100, and 5 second place...
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