Question 1068562
The lottery makes $26000 on sales
It pays out:
$1*1100=$1100
$10*105=$1050
$60*25=$1500
$290*5=$1450
$1180*2=$2360
$2600*1=$2600
Total is $10,060
The fraction paid out is 10,060/26,000=0.3869
so their expected profit per $1 is $0.6131