document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=841599>Question 841599</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you buy 1 ticket for $2 out of a lottery of 500 tickets where the prize for the one winning ticket is to be $100. What is your expected win/loss?<BR>\n" );
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document.write( "  a)  $23.20 <BR>\n" );
document.write( "  b) -$1.80 <BR>\n" );
document.write( "  c) $21.00 <BR>\n" );
document.write( "  d) -$0.80 <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #507030 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=507030\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Suppose you buy 1 ticket for $2 out of a lottery of 500 tickets where the prize for the one winning ticket is to be $100. What is your expected win/loss?<BR>\n" );
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document.write( "Random winning numbers::.....98..........-2<BR>\n" );
document.write( "Associated probabilities:....1/500.....499/500<BR>\n" );
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document.write( "E(x) = [1*98 - 2*499]/500 = -900/500 = -9/5 = -$1.80<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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document.write( "a) $23.20 <BR>\n" );
document.write( "b) -$1.80 <BR>\n" );
document.write( "c) $21.00 <BR>\n" );
document.write( "d) -$0.80 <BR>\n" );
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document.write( "</TD></TR></TABLE>\n" );