V MAN 777 asked: The student senate is sponsoring a car raffle to raise money to buy a playground equipment for disadvantage children. The senate received a donated car worth $7,000 and sold 3,750 raffle tickets at $5 each.
a) If you buy 10 tickets, what is the probability that you will win the car? What is the probability that you will not win the car?
b) Compute your expected earnings.
c) How much did you contribute to the playground fund?
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