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Mathematics, 16.03.2020 23:27 jadenhaslam

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $7 each and will sell 800 tickets. There is one $3,000 grand prize, for $500 second prizes, and thirteen $10 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

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