A state run monthly lottery can sell 13111 tickets at 4 a, Ask an Expert

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A state run monthly lottery can sell 13,111 tickets at $4 a piece. A ticket wins $100,000 with probability 0.00002, $100 with probability 0.006, and $10 with probability 0.08. On average, how much can the state expect to profit from the lottery per month? Type your answer as whole number.

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Accounting Basics, Accounting

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