RivenM637402 RivenM637402

25-10-2022
Mathematics

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200 lottery tickets are sold for $6 each. The person with the single winning ticket will get $71. What is the expected value for a ticket in this lottery?

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MurdockQ557534 MurdockQ557534

25-10-2022

Given:

200 lottery tickets are sold for $6 each.

The person with the single winning ticket will get $71.

So, The probability of winning = 1/200

The probability of losing =

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