document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=946547>Question 946547</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Im stuck on this question and I do not understand it fully. Someone please help me understand?\r<BR>\n" );
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document.write( "Suppose you buy one of 2000 tickets sold at $1.00 each in a lottery where the prize is $500 to the winner. What is the expected value (net winnings) for this game? Is this a fair game. <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #577469 by </B><A HREF=/tutors/aboutme.mpl?userid=Fombitz><B>Fombitz(32388)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Fombitz><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/cgi-bin/show-face.mpl?user=Fombitz><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=577469\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Look at the number of chances to lose, 1999, and the number of chances to win, 1.<BR>\n" );
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document.write( "No, if it was fair the expected value would be $0.<BR>\n" );
document.write( "For every dollar you put in, you can expect to lose 75 cents. <BR>\n" );
document.write( "Not fair at all.<BR>\n" );
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