shannonliamdovto6a shannonliamdovto6a

12-09-2017
Mathematics

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An auction house sells raffle tickets for $1. There are 10 prizes, each worth $10. If 100 raffle tickets are sold, what is the expected value of each ticket?

$0
$1
-$1
$10

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randomer167 randomer167

12-09-2017

There are $100 worth of prizes and $100 worth of tickets sold. Each ticket has a value of $1.

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