2xmaya16 2xmaya16

31-03-2020
Physics

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A raffle has 50 tickets. One ticket will win a $630 prize. The remaining tickets will win nothing. If you have a ticket, what is the expected payoff?

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kate21542 kate21542

31-03-2020

So it seems like you would have 1/50 chance (or 2 percent chance) of winning the 630$. No where in the question does it suggest the prize money to be split. Hope this was helpful

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