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riadik2000 [5.3K]

3 years ago

6

An auction house sells raffle tickets for $1. There are 10 prizes, each worth $10. If 100 raffle tickets are sold, what is the e

xpected value of each ticket? $0 $1 -$1 $10

2 answers:

zaharov [31]3 years ago

8 0

Each prize is $10, 100 tickets for a dollar and then it's a $100, divide it by a total of ten prizes and it's 10 dollars a prize

allsm [11]3 years ago

7 0

1 dollar is the expected value

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