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In a lottery game, each ticket cost $3. You have a 10/1000 probability of winning $100, and 30/1000 probability of winning $10. What is your expected value? Write an answer statement for this,
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6 votes
In a lottery game, each ticket cost $3. You have a 10/1000 probability of winning

$100, and 30/1000 probability of winning $10. What is your expected value? Write an answer statement for this,

User Aryerez
by
2.9k points

1 Answer

23 votes
23 votes

Answer:

$270

Explanation:

User Ankur Shah
by
3.1k points
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