Mathematics, 07.05.2021 22:20 abhibhambhani

Help!!! Please just answer the question. Thank you! Let’s compare two different raffles to see which ticket you should buy?

A. Raffle 1: 800 raffle tickets are sold $2.00 each. There is one gran prize for $450 and two consolation prizes of $100 each that will be awarded. What is the expected value of one ticket?

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