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Expected winnings far a ticket buyer

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Reference no: EM131214269

A raffle has a grand prize of a European cruise valued at $6500 with a second prize of a Las Vegas getaway valued at $700. If each ticket costs $3 and 8600 tickets are sold, what are the expected winnings far a ticket buyer? Express to at least three decimal place accuracy in dollar form (as opposed to cents).

Reference no: EM131214269

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