Question: 9) At a local fair, a raffle is being held where 1,000 tickets were sold for $25 each. There is one first place prize of

9) At a local fair, a raffle is being held where

9) At a local fair, a raffle is being held where 1,000 tickets were sold for $25 each. There is one first place prize of $2,000, two second place prizes of $500, and five third place prizes of $100 each. a) (6 points) Determine the expected net value of the game. Round answer to two decimal places

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