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Determine the expected value of the lottery ticket

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Reference no: EM132857924

A lottery ticket has a grand prize of $45.6 million. The probability of winning the grand prize is .000000046. Determine the expected value of the lottery ticket. (round your answer to the 3 decimal places)

expected value is------

would you pay $1 for a ticket yes or no

this is all the information for the question there is nothing else listed

Reference no: EM132857924

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