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Lottery Prizes A lottery offers one $900 prize, one $700 Prize, two $300 prizes, and four $200
prizes. One thousand tickets are sold at $7 each. Find the expectation if a person buys four
tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can
win more than one prize. Round to two decimal places for currency problems. The expectation if
a person buys four tickets is dollar(s).

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Lottery Prizes A lottery offers one $900 prize, one $700 Prize, two $.pdf

  • 1. Lottery Prizes A lottery offers one $900 prize, one $700 Prize, two $300 prizes, and four $200 prizes. One thousand tickets are sold at $7 each. Find the expectation if a person buys four tickets. Assume that the player's ticket is replaced after each draw and that the same ticket can win more than one prize. Round to two decimal places for currency problems. The expectation if a person buys four tickets is dollar(s).