Mathematics, 27.03.2021 19:30 elisaalonso8805

Four hundred raffle tickets were sold for $4 each. The one first prize winner will receive $300, and two people will each receive second prizes of $200. There will be three $100 winners. What will be the expected value of the raffle?

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Four hundred raffle tickets were sold for $4 each. The one first prize winner will receive $300, and...

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