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Eight thousand raffle tickets are sold. One first prize of $1000, two second prizes of $500, and three third prizes of $100 each will be awarded, with all winners selected randomly. If you purchased one ticket, what are your expected gross winnings? cents The expected gross winnings are (Round your answer to the nearest whole cent.) D

Eight thousand raffle tickets are sold. One first prize of $1000, two second prizes of $500, and three third prizes of $100 each will be awarded, with all winners selected randomly. If you purchased one ticket, what are your expected gross winnings? cents The expected gross winnings are (Round your answer to the nearest whole cent.) D

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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Eight thousand raffle tickets are sold. One first prize of $1000, two second prizes of $500, and three third prizes of $100 each will be awarded, with all winners selected randomly. If you purchased one ticket, what are your expected gross winnings? The expected gross winnings are cents (Round your answer to the nearest whole cent.) D
Transcribed Image Text:Eight thousand raffle tickets are sold. One first prize of $1000, two second prizes of $500, and three third prizes of $100 each will be awarded, with all winners selected randomly. If you purchased one ticket, what are your expected gross winnings? The expected gross winnings are cents (Round your answer to the nearest whole cent.) D
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