holypizza25 holypizza25

Today at 11:03 AM
Mathematics

Answered

A scratch-off lottery ticket costs 5 dollars. If the ticket wins, it can be redeemed for 100 dollars. If the ticket
loses, the ticket is worthless. According to the lottery's website, 4% of all tickets are winners.
The expected value of buying a ticket is -1 dollar

Answer :

penalexie1 penalexie1

Today at 11:08 AM

Answer:

-If you bought a small number of tickets, it is possible for you to make money

-If you bought a large number of tickets, you should expect the average value to be about −1−1minus, 1 dollar per ticket.

Step-by-step explanation:

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