Julia is interested in a game called Kolita. To play Kolita she buys a ticket for...
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Julia is interested in a game called Kolita. To play Kolita she buys a ticket for $1, draws a ball at random from a box of 100 balls numbered 1 to 100. If the ball drawn matches the number on her ticket,she wins $75; otherwise she loses. Calculate the expected value. Julia is interested in a game called Kolita. To play Kolita she buys a ticket for $1, draws a ball at random from a box of 100 balls numbered 1 to 100. If the ball drawn matches the number on her ticket,she wins $75; otherwise she loses. Calculate the expected value.
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