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
\n" ); document.write( "\n" ); document.write( "I have created my chart with outcomes, probabilty & x* pr but am having trouble getting the expected vaule , can you please assist?
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Algebra.Com's Answer #641276 by Fombitz(32388)\"\" \"About 
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( "\"E=%281000000%29%280.0000001%29%2B1000%280.000005%29-10%280.0002%29-1\"\r
\n" ); document.write( "\n" ); document.write( "\"E=%280.1%29%2B%28.0005%29%2B%280.002%29-1\"
\n" ); document.write( "\"E=-0.8975\"
\n" ); document.write( "Not a good deal at all.
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