Find the expectation if a person buys two tickets

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Reference no: EM13206165

A lottery has one $2000 prize, two $1000 prizes, and ten $500 prizes. Two thousand tickets are sold at $5 each. Find the expectation if a person buys two tickets.

-$0.50
-$1.00
-$2.00
-$0.25

Reference no: EM13206165

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