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saw5 [17]
3 years ago
8

At a raffle, 1000 tickets are sold at $5 each. There are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. Suppose

you buy one ticket.
Let the random variable X represent your net gain (remember that the net gain should include the cost of the ticket) after playing the game once.
Mathematics
1 answer:
Darina [25.2K]3 years ago
6 0
1000x5=5000

20x25=500
5x100=500
1x2000=2000

2000+500+500=3000

5000-3000=2000

net gain=x=2000
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