Question

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

Answer 1

$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: