In a lottery, a player picks six numbers from 1 to 23. If the player matches all six numbers, they win 30,000 dollars. Otherwise, they lose $1. Find the expected value of this lottery. Round your answer to the nearest cent. Answer: ? Work: Outcome $30,000 Probability of Outcome $1 Additional work to get expečted value: ?

In a lottery, a player picks six numbers from 1 to 23. If the player matches all six numbers, they win 30,000 dollars. Otherwise, they lose $1. Find the expected value of this lottery. Round your answer to the nearest cent. Answer: ? Work: Outcome $30,000 Probability of Outcome $1 Additional work to get expečted value: ?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.4: Expected Value

Problem 19E: Lottery In a 6/49 lottery game, a player pays $1 and selects six numbers from 1 to 49. Any player...

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