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28 October, 12:50

In a raffle, one ticket will win a $710 prize, and the remaining tickets will win nothing. There are 200 in the raffle. If you have a ticket, what is the expected payoff?

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  1. 28 October, 13:28
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    1 ticket will be $710 * 200 = $142000.

    :. the expected pay off will be $142000.
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