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Statement of a problem № m40784

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At a raffle, 2000 tickets are sold at $5 each for five prizes of $2000, $1000, $500, $250, and $100. You buy one ticket. What is the expected value of your gain? a. Find the gain for each prize. b. Write a probability distribution for the possible gains. c. Find the expected value. d. Interpret the results.




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