Mathematics, 11.06.2020 02:57 princessvaeh2625

Please help! Correct answer only! I've been stuck on this question for hours and I need to finish this assignment before tomorrow. In a raffle, one ticket out of 500 will win a $390 prize, three tickets will win a $230 prize, and sixteen tickets will win a $170 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected payoff?

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