A lottery game offers $2 million to the grand prize winner, $20 to each of 10,000 second prize winners, and $4 to each of 50,000 third prize winners, The cost of the lottery is $2 per ticket. Suppose that 1.5million tickets are sold. What is the expected gain or loss of a ticket?
The expected gain or loss of a ticket.
A lottery game offers million to the grand prize winner, to each of second prize winner, and to each of third prize winner.
Lotter ticket cost is per ticket.
million tickets are sold.
The net gain of the grand prize winner is .
The net gain of each of second prize winner is
The net gain of each of third prize winner is
Since million tickets are sold.
Number of people who do not gain anything is
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