Five hundred lottery tickets are sold for 20 pesos each. One ticket will win 5,000 pesos, 5 tickets will win 2,000 pesos and ten tickets will win 500 pesos. Compute the expected amount of gains/losses...


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Five hundred lottery tickets are sold for 20 pesos each. One ticket will win 5,000 pesos, 5 tickets will win 2,000 pesos and ten tickets<br>will win 500 pesos. Compute the expected amount of gains/losses of a player buying one ticket.<br>A 0<br>-20<br>20<br>D) None of the above<br>

Extracted text: Five hundred lottery tickets are sold for 20 pesos each. One ticket will win 5,000 pesos, 5 tickets will win 2,000 pesos and ten tickets will win 500 pesos. Compute the expected amount of gains/losses of a player buying one ticket. A 0 -20 20 D) None of the above

Jun 09, 2022
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