Answer:
Expected value would be $ 0.896
Step-by-step explanation:
Given,
The price of the lottery ticket = $44800000,
Also, the probability of winning the grand prize = .000000020,
Thus, the expected value of the lottery ticket = value of the lottery ticket × probability of getting the lottery ticket
= 44800000 × .000000020
= $0.896
Note : value of lottery ticket = prize amount - cost of each ticket,
Here the cost price of a ticket is not given,
That's why we did not consider it.
