Mathematics, 27.04.2021 15:50, montecillolinda

During the senior ‘All Night Grad Party" the student council wishes to raise money for the local food kitchen. They decided that having a raffle would be a good moneymaker. 100 tickets will be sold for $2
each. Three students will be selected to win $10 and the one grand prize winner will be $50. What is the
expected value for a student participating in this raffle? (in other words, how much can you expect to win or
lose by playing?)

Answers: 3

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During the senior ‘All Night Grad Party" the student council wishes to raise money for the local foo...