Five thousand tickets are sold at $1 each for a charity raffle. Tickets are to be...

Five thousand tickets are sold at $1 each for a charity raffle. Tickets are to be drawn at random and monetary prizes are awarded as follows: 1 prize of $800, 3 prizes of $300, 5 prizes of $40, and 20 prizes of $5. What is the expected value of this raffle if you buy 1 ticket?

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