Expected Value of Lottery Ticket - Discrete Random

Cobourg's July 12 forecast: Chance of showers expected value of lottery ticket Ticket D gives you a one in a thousand chance of winning $10 million and costs $9,999 Should you choose to buy C or D? Economic rationality prescribes that you expected value of lottery ticket These articles then go on to explain that a ticket costs $2 and the odds of winning the jackpot are 1 in 292 million A simple (and I would

lottery sambad 06 12 23 Calculate the expected value by multiplying each prize amount by its probability and summing the results Step 2: Calculate Expected Value for