Mathematics, 10.06.2020 04:57 angeltmccoy1661

Please help! Correct answer only! 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?

Please help! Correct answer only!

In a raffle, one ticket out of 500 will win a $390 prize, three

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