nally6593 nally6593

12-10-2017
Mathematics

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Suppose you buy 1 ticket for $1 out of a lottery of 1000 tickets where the prize for the one winning ticket is to be $1000. what is your expected value?

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jaquelljoc1oxowln jaquelljoc1oxowln

12-10-2017

The answer is 1,000,000 because if you multiply 1,000 and 1,000 you will get 1,000,000

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