A lottery ticket has a grand prize of 42.1 million. The probability of winning the grand prize is .00000024. Determine the expected value of the lottery ticket

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter12: Angle Relationships And Transformations
Section: Chapter Questions
Problem 13PTTS
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A lottery ticket has a grand prize of 42.1 million. The probability of winning the grand prize is .00000024. Determine the expected value of the lottery ticket. Round your answer three decimal places.
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