MTH 161: Lottery Ticket Expected Value

expected value of lottery ticket
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Estimated Market Value in 2023 Someone won $1 billion through the Mega Millions lottery and has yet to claim their winning ticket

When we lose, we lose the cost of the lottery ticket The expected value is the sum of the product of each possibility x with its

expected value of lottery ticket lottery winnings; remittance of income from racingriding, etc , or any other hobby; remittance for purchase of lottery tickets, banned proscribed

mo lottery pick 3 Crunch these numbers and that lotto ticket has an expected value of about –$ You would get more value out of those two bucks if you traded