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Mathematics, 22.04.2020 00:50 richisolano14

Calculate the expected value of playing a lottery ticket game where each ticket costs $5, and the chance of having winning ticket is one in one million, and the payout for having a winning ticket is 4.9 billion dollars. Round the expected value to the nearest cent.

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Calculate the expected value of playing a lottery ticket game where each ticket costs $5, and the ch...
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