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A popular state lottery is the 5/35 lottery, played in Arizona. Connecticut. Illinois. Iowa, Kentucky, Maine. Massachusetts. New Hampshire, South Dakota, and Vermont. In Arizona's version of the game, prizes are set: First prize is $50,000. second prize is $500. and third prize is $5. To win first prize, you must select all five of the winning numbers, numbered from 1 to 35. Second prize is awarded to players who select any four of the five winning numbers, and third prize is awarded to players who select any three of the winning numbers. The cost to purchase a lottery ticket is $1. Find the expected value of Arizona's "Fantasy Five" game, and describe what this means in terms of buying a lottery ticket over the long run.
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