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You have one ticket for a raffle with a grand prize of $1,000. There are two prizes worth $100 and five prizes worth $20. If only 100 tickets have been distributed, what is the expected value of your winnings?
Random Sample
A random sample is a method of selecting a subset of individuals from a statistical population, where each individual has an equal chance of being chosen, ensuring representation.
Convenience Sample
A sampling method where participants are selected based on their easy availability and proximity to the researcher.
Representative Sample
A subset of a population that accurately reflects the members of the entire population, used in statistical analysis.
Experimenter Bias
A form of bias introduced by the experimenter's expectations or personal beliefs affecting the outcome of research.
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