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. wh

Question

3 years ago

12

at is your expected value?

1 answer:

qaws [65] · Answer 1 · 2022-05-27T13:46:34+03:00

qaws [65]3 years ago

8 0

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

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. wh