Runningrabbit is running a promotional raffle that offers a, Ask an Expert

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Running_Rabbit is running a promotional raffle that offers a chance to win either a lifetime discount (which results in a $2,000 membership savings) or a 2-year limited discount (which results in a $100 membership savings).

• Winning a lifetime discount has a 1-in-200 chance.

• Winning a 2-year limited discount has a 2-in-20 chance.

Is this promotion worth it if the tickets cost to participate is $18?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9112294

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