Mathematics, 10.04.2020 21:30 parkerpark9524
In the New York State Numbers Lottery, you pay $1 and can bet that the sum of the numbers that come up is 13. The probability of winning is 0.075, and if you win, you win $6.50, which is a profit of $5.50. What is the expected value of your profit?
Answers: 1
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In the New York State Numbers Lottery, you pay $1 and can bet that the sum of the numbers that come...
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