Five thousand tickets are sold at $1 each for a charity rate. Tickets are to be drawn at random and monetary prizes awar

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Five thousand tickets are sold at $1 each for a charity rate. Tickets are to be drawn at random and monetary prizes awar

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Five Thousand Tickets Are Sold At 1 Each For A Charity Rate Tickets Are To Be Drawn At Random And Monetary Prizes Awar 1
Five Thousand Tickets Are Sold At 1 Each For A Charity Rate Tickets Are To Be Drawn At Random And Monetary Prizes Awar 1 (7.61 KiB) Viewed 27 times
Five thousand tickets are sold at $1 each for a charity rate. Tickets are to be drawn at random and monetary prizes awarded as follows: 1 prize of $500, 3 prizes of $200, 5 prizes of $40, and 20 prizes of $5. What is the expected value of this if you buy 1 k Let X be the randem variable for the amount won on a single rathe ticket EXO tarsound to the east)
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