Mathematics, 06.06.2020 02:01, puppylove899

A student group sells 500 raffle tickets for $2 each. At the drawing the top prize will be a gift certificate for $100. Second prize will be a $50 gift card and there will be five 3rd prizes, each a $20 gift card. Do you expect to win or lose (on average)? How much?

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A student group sells 500 raffle tickets for $2 each. At the drawing the top prize will be a gift ce...