Asked by manasa

1700 lottery tickets are sold for $25 each, and one grand prize of $4100 is awarded. If you purchase one ticket, find your expectation per ticket
Answered by bobpursley
expected gain: 4100/1700 -cost of ticket
= 4100/1700 - 25= figure it out

So buying more tickets will not make you more money, if fact, you lose more