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12 September, 00:16

Tickets for a raffle cost $19. There were 798 tickets sold. One ticket will be randomly selected as the winner, and that person wins $1300 and also the person is given back the cost of the ticket. For someone who buys a ticket, what is the Expected Value (the mean of the distribution)

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  1. 12 September, 03:49
    0
    -17.32

    Step-by-step explanation:

    (1319 - 19*797) / 798 = - 17.3233
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