Mathematics, 30.11.2019 05:31, powellmom5

Anonprofit organization plans to hold a raffle to raise funds for its operations. a total of 1,000 raffle tickets will be sold for $1.00 each. after all the tickets are sold, one ticket will be selected at random and its owner will receive $50.00. the expected value for the net gain for each ticket is -$0.95. what is the meaning of the expected value in this context?

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Anonprofit organization plans to hold a raffle to raise funds for its operations. a total of 1,000 r...