Solution-Find the expected value of the ticket

Find the expected value of the ticket

Reference no: EM131092921

A lottery sells 10,000 tickets at $1each and draws five tickets to choose five winners. The first winner gets $4,000 , the second winner gets $2,000, and the last three get $500 each. Find the expected value of the ticket.

Reference no: EM131092921

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Find the expected value of the ticket

Reference no: EM131092921

Reference no: EM131092921

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