SOLUTION: You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this
lottery. In this lottery there are one $500 prize, two $10
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Question 1015748: You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this
lottery. In this lottery there are one $500 prize, two $100 prizes, and four $25 prizes. Find your expected gain or loss.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Find the probability of the 3 prizes
$500 prize
$100 prize
$25 prize
No prize
.
.
.
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