Does it make sense? My expexted value in a state lottery game is $7.50.
Homework Answers
Yes, obviously
Steps to calculate expected value of lottery game.
1)-Take each prize,
2)-subtract the price of our ticket,
3)-multiply the net return by the probability of winning, and
4)-add all those values to get our expected value.
In this way you can calculate your expected value of lottery game.
Add Answer to:
Does it make sense?
My expexted value in a state lottery game is $7.50.
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