Asked by george

Suppose you buy 1 ticket for $1 out of a lottery of 1,000 tickets where the price for the one winning ticket is to be $500. What is your expected value?
Answered by bobpursley
Why are you posting under various names, questions without any proposed answers or thinking?
We will be happy to critique your thinking, but not so happy to do your homework for you.
There are no AI answers yet. The ability to request AI answers is coming soon!