document.write( "Question 1120677: One thousand raffle tickets are sold for ​$4 each. Three prizes will be​ awarded, one for $ 500 and two for $ 200. Assume that the probability that any given ticket is selected for the $ 500 prize is StartFraction 1 Over 1 comma 000 EndFraction
\n" ); document.write( " and the probability that any given ticket is selected for a $ 200 prize is StartFraction 2 Over 1 comma 000 EndFraction
\n" ); document.write( ". Winners do not have their ticket costs of ​$4 refunded to them. Jennifer purchases one of these tickets. Complete parts ​(a) and​ (b) below.
\n" ); document.write( "​(a) Determine​ Jennifer's expected value.
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Algebra.Com's Answer #736356 by solver91311(24713)\"\" \"About 
You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "Just do the arithmetic.
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\n" ); document.write( "John
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\n" ); document.write( "My calculator said it, I believe it, that settles it
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