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02-10-2022
Mathematics

Answered

high school rattle sells 3500 tickets at $25 per ticket. The grand prize is a $38,000 SUV. 2nd prize is a full
paid trip to Italy, valued at $12,000. In addition, five 3rd place prizes of round trip plus accommodations to Las
Vegas (valued at $2,500) will be awarded. What is the expected value of purchasing a ticket?

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