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A local charity sells 100 raffle tickets for $20 each as part of a fund raiser. There is one Grand Prize of $500, one First Prize of $100, and 8...
A local charity sells 100 raffle tickets for $20 each as part of a fund raiser. There is one Grand Prize of $500, one First Prize of $100, and 8 Second Prizes of $50. Find the expected winnings per ticket sold