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What are antonia expected earnings

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Reference no: EM132053664

To raise money, the ASFC is holding a raffle. The prize is a walt disney vacation for two valued at $3000.

The ASFC sold 1382 raffle tickets at $5 each.

a. Antonia bought 10 tickets. What is the probability that she will win?

b. What are Antonia's expected earnings?

c. Are Atonia's expected earnings equal to the cost to play?

Reference no: EM132053664

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