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Answer to Question #297177 in Statistics and Probability for Pia Angela Veso
Question #297177
The officer's of the science club are planning to sell 125 tickets to be raffled during the school's foundation day . One ticket will win PHP 2,000 and the other tickets win nothing. If you buy one ticket, what will be your expected gain?
Expert's answer
"E(X)=2000*\\frac{1}{125}+0*(1-\\frac{1}{125})=16."
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