Multiple Choice
Solve the problem.
-Ten thousand raffle tickets are sold. One first prize of $1600, 5 second prizes of $1000 each, and 10 third prizes of $200 each are to be awarded, with all winners selected randomly. If you are given
One ticket, what are your expected winnings?
A) 126 cents
B) 86 cents
C) 28 cents
D) 150 cents
Correct Answer:
Verified
Correct Answer:
Verified
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