lottery has a grand prize jackpot worth 70 million dollars. The chance of winning from purchasing a single ticket is 1 in 20800000. (a) What is the expected value of winning from a single ticket? (Round your answer to the nearest cent.) The expected value of winning is: dollars (b) Would it be worth to buy a ticket for 2 d
lottery has a grand prize jackpot worth 70 million dollars. The chance of winning from purchasing a single ticket is 1 in 20800000. (a) What is the expected value of winning from a single ticket? (Round your answer to the nearest cent.) The expected value of winning is: dollars (b) Would it be worth to buy a ticket for 2 d
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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A lottery has a grand prize jackpot worth 70 million dollars. The chance of winning from purchasing a single ticket is 1 in 20800000.
(a) What is the
The expected value of winning is: dollars
(b) Would it be worth to buy a ticket for 2 dollars?
Yes
No
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