SOLUTION: Please help me solve this problem: A lottery ticket has pays out $10 with probability 0.06 and $1,000 with probability 0.0001. How much money will the average ticket pay?

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Question 537809: Please help me solve this problem:
A lottery ticket has pays out $10 with probability 0.06 and $1,000 with probability 0.0001. How much money will the average ticket pay?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


10 times 0.06 plus 1000 times 0.0001.

Super-deluxe Double-plus Extra Credit.

Would you play the game if each ticket cost $0.69?

John

My calculator said it, I believe it, that settles it
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