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Find the expected winnings for a person buying 1 ticket

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Reference no: EM132188513

A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each. If 10,000 tickets are sold at 15 cents each, find the expected winnings for a person buying 1 ticket.

Reference no: EM132188513

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