A state offers two lottery games, WinOne and PlayBall. Both games cost $2 per ticket.

1 answer:

8 0

In this question, both tickets cost 2$ per ticket.
The answer to this question would be: $0

In WinOne scenario, you need to match a ticket that has to pick from A-J(10 possibilities) and 0-9 (10 possibilities). The chance to win would be: 1/10* 1/10= 1/100

The expected value must be:
E= chance to win * win amount - ticket price
E= 1//100*$200 - $2= $2-$2= 0

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