document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=582851>Question 582851</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A certain lottery ticket costs $1.00 and the probability of winning is 1 in 13,983,816.  If the prize is $1,000,000, what is the expected value of a ticket?  Round your answer to the nearest penny (two decimal places). </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #372251 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=372251\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A certain lottery ticket costs $1.00 and the probability of winning is 1 in 13,983,816. If the prize is $1,000,000, what is the expected value of a ticket? Round your answer to the nearest penny <BR>\n" );
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document.write( "Random number values:      -1      ;      1 million<BR>\n" );
document.write( "Corresponding probs: 13983816/13983816 ; 1/13983816<BR>\n" );
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document.write( "E(x) = (-13983816+1,000,000)/13983816 = -12983816/13983816 = -93 cents<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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