Mathematics, 10.02.2020 20:02, yasyyas646646

If 200 raffle tickets are sold at $3.00 each. One prize of $200.00 is to be awarded. Winners do not have their ticket cost of $3.00 refunded to them. Raul purchaes one ticket. What is Raul's expected value? Wht is the fair price of the ticket?

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If 200 raffle tickets are sold at $3.00 each. One prize of $200.00 is to be awarded. Winners do not...