In a lottery game, a player picks six numbers from 1 to 24. If the player matches all six numbers, they win 40,000 dollars. Otherwise, they lose $1. What is the expected value of this game? $

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section: Chapter Questions
Problem 35T
icon
Related questions
Question

Please do not give solution in image format thanku 

In a lottery game, a player picks six numbers from 1 to 24. If the player matches all six numbers, they win
40,000 dollars. Otherwise, they lose $1.
What is the expected value of this game? $
Question Help: Message instructor
Submit Question
Transcribed Image Text:In a lottery game, a player picks six numbers from 1 to 24. If the player matches all six numbers, they win 40,000 dollars. Otherwise, they lose $1. What is the expected value of this game? $ Question Help: Message instructor Submit Question
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning