document.write( "Question 1026010: A state lottery ticket costs $1. The probability of winning $1,000,000 is 0.0000001, the probability of winning $1,000 is 0.000005, and the probability of winning $10 is 0.0002. Find the expected value (gain or loss) on one ticket.\r
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document.write( "I have created my chart with outcomes, probabilty & x* pr but am having trouble getting the expected vaule , can you please assist? \n" );
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Algebra.Com's Answer #641276 by Fombitz(32388)![]() ![]() You can put this solution on YOUR website! Multiply the prize by the probability and then subtract the cost of the ticket. \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Not a good deal at all. \n" ); document.write( " |