Mathematics, 28.08.2021 03:20 ammullims822
Ten thousand US$10 lottery tickets are sold.
One ticket wins a prize of US$5000, five
tickets each win US$1000, and ten tickets
each wins US$200. Find:
a: The probability of winning each prize in the lottery
b: The expected gain from one ticket
c: the price of a ticket to make the lottery a
fair game
Answers: 1
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Ten thousand US$10 lottery tickets are sold.
One ticket wins a prize of US$5000, five
ticket...
ticket...
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