Question 1197597
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total cost of tickets: 9600($30) = $288,000<br>
total value of prizes: $60,000 + 5($15,000) = $135,000<br>
average winnings per dollar: 135/288 = $0.46875<br>
average winnings in dollars per $30 ticket: 30($0.46875)=$14.0625<br>
ANSWER: expected winnings per ticket to the nearest cent: $14.06<br>
(Average gain/loss per ticket: $14.06 - $30 = -$15.94)<br>