SOLUTION:
PlEASE help!
Raffle tickets.
One thousand raffle tickets are sold for $1 each. One prize of $800 is to be awarded.
a) Rena Condos purchases one ticket. Find her expected val
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Question 126804:
PlEASE help!
Raffle tickets.
One thousand raffle tickets are sold for $1 each. One prize of $800 is to be awarded.
a) Rena Condos purchases one ticket. Find her expected value.
b) Determine the fair price of a ticket.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
this has been answered.
Cheers,
Stan H.
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