Mathematics, 06.05.2020 00:18 rosas8

In the New York State Numbers Lottery, you pay $1 and can bet that the sum of the numbers that come up is 13. The probability of winning is 0.075, and if you win, you win $6.50, which is a profit of $5.50. What is the expected value of your profit?

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In the New York State Numbers Lottery, you pay $1 and can bet that the sum of the numbers that come...