Answer:
Each ticket costs $13.75.
Step-by-step explanation:
$123.75 for 9 tickets

Each ticket costs $13.75.
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Answer:
I select b, 1,3, or 9 photos as my answer.
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation: