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Find net gain after playing the game once

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Reference no: EM131587573

Question: At a raffle, 1000 tickets are sold at $5 each. There are 20 prizes of $25, 5 prizes of $100, and 1 grand prize of $2000. Suppose you buy one ticket.

Let the random variable X represent your net gain (remember that the net gain should include the cost of the ticket) after playing the game once.

Reference no: EM131587573

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