Suppose you purchase a raffle ticket for $1.00. First prize is $5,000, second prize is $1,000, and third prize is $500. If 500 t
ickets are sold, what should you expect to win or lose? Round the answer to the nearest cent.
$0.99 loss
$13.00 loss
$10.00 gain
$12.00 gain
1 answer:
You should expect to gain 12$
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