Expected Value

I am a statistician and I buy lottery tickets lottery expected value A lottery offers on $1000 prize, one $500 prize and five $100 prizes Seven hundred tickets are sold at $4 each Find the expected value of a ticket if a person lottery quebec Your answer to question 2 should have mentioned that your calculation in question 1 did not take into account the probability of winning the lottery or that

lottery sambad number With the odds of winning at 1:292201338, the expected value of a single powerball ticket is still very much $0 You would need to buy hundreds