Question: Discrete Probability and the Binomial Distribution The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each

Discrete Probability and the Binomial Distribution

The student council is hosting a drawing to raise money for scholarships. They are selling tickets for $9 each and will sell 900 tickets. There is one $2,000 grand prize, four $300 second prizes, and thirteen $20 third prizes. You just bought a ticket. Find the expected value for your profit. Round to the nearest cent.

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