Calculating expected value (not homework)

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AyashiKaibutsu

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Jan 24, 2004
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So having a raffle with range of prizes (of differing value) and a set number of people entered. Want to offer the ability to buy more tickets and trying to calculate the expected value of each additional ticket so we can find a reasonable price for the additional tickets (price of original ticket and number in existance is already set(it's the ticket for a party)).
 
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