SOLUTION: A letter ticket has a grand prize of 35.1 million. The probability of winning the grand prize of .000000043. Determine the expected value of the lottery ticket?
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Question 1160696: A letter ticket has a grand prize of 35.1 million. The probability of winning the grand prize of .000000043. Determine the expected value of the lottery ticket?
Answer by ikleyn(52787) (Show Source): You can put this solution on YOUR website!
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Simply multiply the two given numbers.
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