Question:

A raffle offers a first prize of 500 and 3 second prizes of

Last updated: 4/25/2023

A raffle offers a first prize of 500 and 3 second prizes of

A raffle offers a first prize of 500 and 3 second prizes of 80 each One ticket costs 1 and 600 tickets are sold Find the expected payback for a person who buys 1 ticket Is this a fair The expected payback for a person who buys 1 ticket is Round to two decimal places as needed CELOR