Question: ( 1 point ) A raffle is being held at a benefit concert. The prizes are awarded as follows: 1 grand prize of $ 7
point A raffle is being held at a benefit concert. The prizes are awarded as follows: grand prize of $ prizes of
$ prize of $ and prizes of $
Suppose raffle tickets are sold, if you buy one ticket for $ then what is your expected value for this raffle?
Note: Include dollar signs in your answer
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