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A charity holds a raffle in which each ticket is sold for $40. A total of 10600 tickets are sold. They raffle one grand prize which is a Lexus GS valued at $55000 along with 5 second prizes of Ducati motorcycles valued at $13000 each. What are the expected winnings for a place accuracy in dollar form (as opposed to cents). Answer: $ -13.688 single ticket buyer? Express to at least three decimal

A charity holds a raffle in which each ticket is sold for $40. A total of 10600 tickets are sold. They raffle one grand prize which is a Lexus GS valued at $55000 along with 5 second prizes of Ducati motorcycles valued at $13000 each. What are the expected winnings for a place accuracy in dollar form (as opposed to cents). Answer: $ -13.688 single ticket buyer? Express to at least three decimal

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A charity holds a raffle in which each ticket is sold for $40. A total of 10600 tickets are sold. They raffle one grand prize which is a Lexus GS valued at $55000 along with 5 second prizes of Ducati motorcycles valued at $13000 each. What are the expected winnings for a place accuracy in dollar form (as opposed to cents). Answer: $ -13.688 single ticket buyer? Express to at least three decimal
Transcribed Image Text:A charity holds a raffle in which each ticket is sold for $40. A total of 10600 tickets are sold. They raffle one grand prize which is a Lexus GS valued at $55000 along with 5 second prizes of Ducati motorcycles valued at $13000 each. What are the expected winnings for a place accuracy in dollar form (as opposed to cents). Answer: $ -13.688 single ticket buyer? Express to at least three decimal
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