Compute the expected value for given data


A charity organization is selling $4 raffle tickets as part of the fund-raising program. The first Prize is boat valued at $3150, and second prize is camping tent valued at $450. The remaining 15 prizes are $25 gift certificates. The number of tickets sold is 5000.

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Basic Statistics: Compute the expected value for given data
Reference No:- TGS016997

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