Mathematics, 30.09.2021 18:20 odymonster9

Find the expected value of the winnings for a single lottery ticket if the jackpot is $40 million. How much can you expect to win or lose if you buy 500 lottery tickets? Should you actually expect to win or lose this amount? Explain.

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Find the expected value of the winnings for a single lottery ticket if the jackpot is $40 million. H...

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