New york offers the payout, Managerial Economics

Lots of states have scratch offs with various different monetary payoffs. For example, the "$500 a week for life" in New York offers the payout and odds structure noted below.

 

(a) What is the expected value of playing, suppose you live 60 more years and there are 52 weeks in each year.

 

Posted Date: 3/26/2013 1:37:46 AM | Location : United States







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