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Mathematics, 25.02.2020 19:40 jessicannoh5965

A community festival sells 20,000 raffle tickets for $10 each. There are 4 possible prize levels. The grand prize is a golf cart valued at $6,000. There are two winners of $1,000, three winners of $500, and ten winners of $100. What is the expected value of a raffle ticket?

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