Answer all three please having trouble
2 answers:
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Answer:
<em>Expected Payoff ⇒ $ 1.50 ; Type in 1.50</em>
Step-by-step explanation:
Considering that 1 out of the 100 tickets will have a probability of winning a 150 dollar prize, take a proportionality into account;
<em>Thus, Solution ; Expected Payoff ⇒ $ 1.50</em>
