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    Can You Answer This? Suppose A Charitable Org. Decides To Raise Money By Raffling A Trip Worth $500. If 3,000 Tickets Are Sold At $1 Each, Find The Expected Net Winnings For A Person Who Buys 1 Ticket

    This is a math question on my homework I am having trouble with

    asked 6 months ago

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    Raimi

    The netwinning would be the total gain less the total investment.
    In this case the net earnings are $500 and the investment is $1, so the net winning ate worth
    500 - 1
    = $499 worth.
     
     

    answered 6 months ago   

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