Register

Suppose your state lottery has an expected value of -31%. If you spend $25 per month on lottery tickets, how much money would you be expected to lose in an average year

Suppose your state lottery has an expected value of -31%. If you spend $25 per month on lottery tickets, how much money would you be expected to lose in an average year
57.5k views
3 votes
suppose your state lottery has an expected value of -31%. If you spend $25 per month on lottery tickets, how much money would you be expected to lose in an average year

User Kdon
by
8.2k points

1 Answer

6 votes
you are expected to loose 300 dollars a year
User Enock
by
8.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!