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Card 5 / 21:
A theater group holds a fund-raiser. It sells 100 raffle tickets for $5 apiece. Suppose you purchase four tickets. The prize is two passes to a Broadway show, worth a total of $150.
What are you interested in here?In words, define the random variable X .List the values that X may take on.Construct a PDF.If this fund-raiser is repeated often and you always purchase four tickets, what would be your expected average winnings per raffle?
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