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  • 05-05-2016
  • Mathematics
Answered

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

Verified Answer :

Exzodeus1205 Exzodeus1205
  • 12-03-2019

Answer: $1

Step-by-step explanation: (10 x 10) / 100 = 1

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