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A lottery ticket has a grand prize of $30.1 million. The probity of winning the grand prize is .000000038

Deteman the expected value of the lottery ticket

User Mmj
by
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1 Answer

4 votes

Answer:

$30.1 million * .000000038

$1.14

did the question say how much the ticket cost?

if it was $1 then you would have to subtract $1 so the expected value would be 14 cents

Explanation:

User Azbarcea
by
7.6k points
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