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What is the expected value of your gain

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Question - At a raffle, 500 tickets are sold for $1 each for two prizes of $100 and $50. What is the expected value of your gain?

Reference no: EM133015054

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What is the expected value of your gain : Question - At a raffle, 500 tickets are sold for $1 each for two prizes of $100 and $50. What is the expected value of your gain
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