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What are the expected winnings far a ticket buyer

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A raffle has a grand prize of a Caribbean cruise valued at $11500 with a second prize of a weekend in San Diego valued at $800. If each ticket costs $2 and 9000 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).

Reference no: EM132384828

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