Mathematics, 10.06.2020 03:57 narutoxptheninja

Please help! Correct answers only! Out of 100 tickets in a raffle, one ticket will win a $150 prize, one ticket will win a $130 prize, one ticket will win a $110 prize, and one ticket will win a $40 prize. The rest will win nothing. If you have a ticket, what is the expected payoff?

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Please help! Correct answers only! Out of 100 tickets in a raffle, one ticket will win a $150 prize...

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