Answer:
Total possible number of outcomes = C(24,6) [24 choose 6]
=24!/(6!18!)
= 134596
Out of which there is only one winning combination.
Therefore we conclude:
P(win 20000)=1/134596
P(lose 1)=134595/134596
and hence the expected value is:
20000*(1/134596)+(-1)*(134595/134596)
=-114595/134596
=-0.8514 (rounded to four places after decimal)
Step-by-step explanation:
Hope this helped!
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