One state lottery has 1,200 prizes of $1; 150 prizes of $10; 25 prizes of $65; 5 prizes of $350; 2 prizes of $1,280; and 1 prize of $2,600. Assume that 25,000 lottery tickets are issued and sold for $1.
What is the lottery's expected profit per
ticket?
(PLEASE ROUND OF TO 4 DECIMAL PLACE)
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