Mathematics, 31.08.2021 17:10 kalebkoman01241
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In raffle A, one ticket will win a $780 prize, and the remaining tickets will win nothing.
There are 200 in the raffle, each costing $4.
Raffle B is for a $350 prize. Out of 50 tickets, each costing $10, one ticket will win the
prize, and the rest will win nothing.
Which raffle is a better deal and what is the expected value of the better deal?
Answers: 2
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In raffle A, one ticket will win a $780 prize, and the remaining tickets will win nothin...
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