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What is the lottery expected profit per ticket

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Reference no: EM13675659

One state lottery has 900 prizes of $1, 120 prizes of $10, 30 prizes of $75, 5 prizes of $340, 2 prizes of $1180, and 1 prize of $2800. Assume that 40000 lottery tickets are issued and sold for $1.
What is the lottery's expected profit per ticket?

Reference no: EM13675659

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