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A charity organization is selling $5 raffle tickets as part of a fund-raising program. The first prize is a trip to Mexico valued at $3450, and the second prize is a weekend spa package valued at $750. The remaining 20 prizes are $25 gas cards. The number of tickets sold is 6000.
Find the expected net gain to the player for one play of the game. If x is the net gain to a player in a game of chance, then E(x) is usually negative. This value gives the average amount per game the player can expect to lose.
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