96.6k views
2 votes
If you buy a ticket in a certain lottery game, 30% of the players will get paid 1

$2,20% of the players will get paid $5, and 5% of the players will get paid
$25. All other players get paid nothing. What is the expected amount that a
player of this lottery game will get paid?

User Larsw
by
6.1k points

2 Answers

1 vote

Answer:

You're at a carnival and you see a game. For $2 you roll a standard six-sided die. If the number showing is a six you win $10, otherwise, you win nothing. If you're trying to make money, is it in your interest to play the game? To answer a question like this we need the concept of expected value

Explanation:

User Wenneguen
by
7.3k points
4 votes

Answer:

most are expected to get nothing

User KimYu
by
6.3k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.