Question

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?

Answer 1

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:

Answer 2

most are expected to get nothing