Mathematics, 22.01.2021 03:50 am2garcia5
Hugo is considering buying a scratch-off lottery ticket that costs 3 dollars. If the ticket wins, he can redeem the
ticket for 50 dollars. If the ticket loses, the ticket is worthless. According to the lottery's website, 2% of all
tickets are winners.
Find the expected value of buying a scratch-off lottery ticket.
Answers: 2
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Hugo is considering buying a scratch-off lottery ticket that costs 3 dollars. If the ticket wins, he...
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