A church is holding a raffle and sells 500 tickets for $2 each. If the church awards one $100 first place prize and two $50 second place prize, what is the expected value of the church?
A church is holding a raffle and sells 500 tickets for $2 each. If the church awards one $100 first place prize and two $50 second place prize, what is the expected value of the church?
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Probability
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