SOLUTION: a lottery ticket has a grand prize of $45.6. the probability of winning the grand prize is .000000046. determine the expected value of the lottery ticket

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Question 1174744: a lottery ticket has a grand prize of $45.6. the probability of winning the grand prize is .000000046. determine the expected value of the lottery ticket
Answer by MathLover1(20849) About Me  (Show Source):
You can put this solution on YOUR website!

Expected Value =$45.6%2A.000000046=0.0000020976