The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $6 each and will sell 900 tickets. There is one $1,000 grand prize, three $500 second prizes, and fifteen $30 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

Q: 4% of $6.00

A:

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Q: 2. 7.5 3

A:

Q: The student council is hosting a drawing to raise money for scholarships. They are selling tickets…

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