Expected payoff example: lottery ticket

expected value of lottery ticket
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Thus, the expected value of a lottery ticket decreases as the probability of collisions

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michigan 4 digit lottery evening Answer · Final answer: The fair price of the lottery ticket in a system where the expected value is -$ and ticket cost is $, would be Suppose that in a lottery for charity with 225 tickets, each ticket costs $1 First prize is $50, second prize $30, and third prize is $20 Then the possible