6) A raffle is held by the horse fly club to draw for a $1000 plasma television. Two thousand tickets are sold at $1 each. Find the expected value of one ticket.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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6) A raffle is held by the horse fly club to draw for a $1000 plasma television. Two thousand
tickets are sold at $1 each. Find the expected value of one ticket.
Transcribed Image Text:6) A raffle is held by the horse fly club to draw for a $1000 plasma television. Two thousand tickets are sold at $1 each. Find the expected value of one ticket.
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