Mathematics, 30.03.2020 21:44 justiceisbae1
In the New York State number lottery, you pay $1 and pick a number from 000-999. If your number comes up, you win $500, which is a profit of $499. If you lose you lose $1. Your probability of winning is 0.001. What is the expected value of your profit
Answers: 2
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In the New York State number lottery, you pay $1 and pick a number from 000-999. If your number come...
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