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anonymous
 5 years ago
one thousand chances are sold at $6 a peice for a raffle. there is a grand prize of $700, two second prizes of $350, and five third prizes of $100. first calculate the expected value of the lottery. determine whether the lottery is a fair game. if the game is not fair, determine a price for playing the game that would make it fair.
anonymous
 5 years ago
one thousand chances are sold at $6 a peice for a raffle. there is a grand prize of $700, two second prizes of $350, and five third prizes of $100. first calculate the expected value of the lottery. determine whether the lottery is a fair game. if the game is not fair, determine a price for playing the game that would make it fair.

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