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Mathematics, 22.04.2020 16:27 shamayajohnsonsh5

In the New Your State Numbers Lottery, you pay $1 and pick a number from 000-999. If your number comes up, you win $500, which is a profit of $499. If you lose, you lose $1. Your probability of winning is 0.001. x P(x) $499 0.001 -$1 0.999 What is the expected value of your profit?

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