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Test: Common Core: High School - Statistics and Probability
1. | A winning raffle ticket has the following payout scheme: $1 with probability .25 $10 with probability .35 $100 with probability .29 $1,000 with probability .1 $10,000 with probability .01 What is the expected payout for a winning raffle ticket?
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$628.75
$39.40
$232.75
$122.50
$100
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