Question 1171103
Since there is 1 winning ticket out of the 2000 tickets sold, the probability
of winning is 1/2000
The expected value, EV, is given by the probability of winning times the
payout minus the cost of the ticket times the probability of not
winning.
EV = (1/2000)$75 - (1999/2000)$1 = -$0.962