Five thousand tickets are sold at 1 each for a charity raffle Tickets are to...
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Five thousand tickets are sold at 1 each for a charity raffle Tickets are to be drawn at random and monetary prizes awarded as follows 1 prize of 900 3 prizes of 100 5 prizes of 50 and 20 prizes of 5 What is the expected value of this raffle if you buy 1 ticket Let X be the random variable for the amount won on a single raffle ticket EX dollars Round to the nearest cent as needed KIIB
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