Find the expected value.Suppose that 1,000 tickets are sold for a raffle that has the following prizes: one $300 prize, two $100 prizes, and one hundred $1 prizes. What is expected value of a ticket?

A. $300
B. $0.60
C. $1
D. $100


Answer: B

Mathematics

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A.
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A. x35
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C. x12
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Mathematics