The expected value when you purchase a lottery ticket is

expected value of lottery ticket
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The expected value can really be thought of as the mean of a random variable This means that if you ran a probability experiment over and over,

The expected value is per dollar As for powerball and other mega lotteries I would say yes and here is the reasoning I will use a Take each prize, subtract the price of our ticket, multiply the net return by the probability of winning, and add all those values to get our

tc lottery hack mod apk free download The expected value when you purchase a lottery ticket is -$, and the cost of the ticket is$ Determine the fair price of the lottery ticket  With this, we can calculate the expected value of a scratch card, or how much money we can expect to win from a single card, on average: ( *