document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=129088>Question 129088</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me solve this problem I came up with the answer of .182 but that just does not seem correct. Thank you\r<BR>\n" );
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document.write( "A lottery offers one $1000 prize, one $500 prize, and five $100 prizes. One thousand tickets are sold at $3.00 each Find the expectation if a person buys two tickets.  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #94363 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><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=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=94363\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If you bought all 1000 tickets, it would cost you $3000, and you would win all of the prizes, so you would get 1000 + 500 + 5(100) = $2000 back.  <IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=2000%2F3000=2%2F3 ALIGN=MIDDLE  ALT=\"2000%2F3000=2%2F3\"   DISABLED_style= \"max-width:90%; height:auto;\" >, so for every $1 you wager, you have an expectation of $(2/3).  Buying two tickets costs you $6.  6 X 2/3 = 4, so your expectation for 2 tickets is $4.\r<BR>\n" );
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document.write( "Go to Las Vegas instead.  Slot machines pay out roughly $0.90 per $1.00.  You'll lose your money much more slowly. </SPAN>\n" );
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