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A lottery ticket has a grand prize of $48.9 million. The probability of winning the grand prize is .000000047. Determine the expected value of the lottery ticket.

A lottery ticket has a grand prize of $48.9 million. The probability of winning the grand prize is .000000047. Determine the expected value of the lottery ticket.
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A lottery ticket has a grand prize of $48.9 million. The probability of winning the grand prize is .000000047. Determine the expected value of the lottery ticket.

User Tinclon
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1 Answer

7 votes
Is this a gcse question??
User Eversor
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