Anthony D.

# Find Probability distribution and the expected value

A non-profit organization sells 10,000 raffle tickets at $1 per ticket. There is one grand prize of$3,000, 4 prizes of $500 each and 10 prizes worth$50 each. You buy one of the tickets. Let the random variable X represent your net "winnings". Write out the probability distribution and find the expected value of X.

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