Latest exam Aptitude Question SOLUTION: PlEASE help! Raffle tickets. One thousand raffle tickets are sold for $1 each. One prize of $800 is to be awarded. a) Rena Condos purchases one ticket. Find her expected value.

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(#M40080738) EXAM Numerical Ability question Keep an EYE

PlEASE help!

Raffle tickets.
One thousand raffle tickets are sold for $1 each. One prize of $800 is to be awarded.
a) Rena Condos purchases one ticket. Find her expected value.
b) Determine the fair price of a ticket.

Asked In exam (9 years ago)

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