At a Raffle, 10,000 Tickets Are Sold at $10 Each

question 74

Multiple Choice

At a raffle, 10,000 tickets are sold at $10 each for three prizes valued at $4,800, $1,200, and $400. What is the expected value of one ticket?

• A)-$9.36
• B)$9.36
• C)-$0.64
• D)$0.64

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