17. Suppose a lottery ticket costs $1 and the probability that a holder will win nothing is 90%. What must the jackpot be for this to be a fair bet?

asked Feb 22, 2021 223k views

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1 vote

Answer:

10 dollars

Explanation:

That would make sense if $1 is 10 percent meaning 1/10 people have a chance of winning....

Luis Artola answered Mar 1, 2021

8.4k points

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