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

4 votes

5.3k points

Please log in or register to add a comment.

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

5.1k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.4m questions

7.0m answers