Question 1

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A charity organization is selling $4 raffle tickets as part of a fund-raising program.  The first prize is a boat valued at $3150, and the second prize is a camping tent valued at $450.  The remaining 15 prizes are $25 gift certificates.  The number of tickets sold is 5000.  Find the expected net gain to the player for one play of the game to the nearest cent.

E open parentheses x close parentheses equals $

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