Expected Value

expected value of lottery ticket
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Answer: 1 chance in 80,000,000 is basically another way of saying with probability = 180,000,000 corresponding to the prize $1,000,000 The Purchase this

Each ticket for the Powerball lottery contains six numbers, with five “white balls,” each in range from 1 to 69, plus one “Powerball” in the If the number of people who buy lottery tickets today is the same as an average Saturday, KPMG estimate the expected value will be £ If,

basic instinct slot machine You would think, perhaps, that if a Powerball ticket costs you $2, and you have an expected value of $ from the rest of the ticket, as long This means that 50 cents would be a fair price for a ticket to play this lottery Of course, such a lottery would make no money for the state, which is why most