For a $1 ticket,a lottery offers the following prizes:
•1 prize of $50,000
•10 prizes of $10,000
•100 prizes of $100
•4000 prizes of 5 free ticket
If 250,000 tickets are sold,what is the expectation per ticket?
A) 0.55
B) 0.64
C) 0.70
D) 0.72
Correct Answer:
Verified
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