expected payback for a person who buys one ticket in the raffle.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Suppose a local symphony decides to raise money by raffling an HD television worth 500$, a dinner for two worth 100$, and 2 CD's worth 15$ each. A total of 3000 tickets are sold at 2$ each. Find the expected payback for a person who buys one ticket in the raffle.
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