Respuesta :
Answer:
$4.00
Step-by-step explanation:
expected value - -$1.00
cost of play - $5.00
5-1 = $4.00
The fair price of the lottery ticket is $4.00
What is addition?
One of the four fundamental operations in mathematics in addition, along with subtraction, multiplication, and division. The entire amount or sum of the two whole numbers is obtained by adding them.
Given :
Expected values = -1.00
Cost price = 5.00
fair price = cost price + expected price
= 5.00 + (-1.00) = 5.00 -1.00
= 4.00
Therefore, The fair price of the lottery ticket is $4.00.
To know more about addition refer to :
https://brainly.com/question/24536701
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