Asked by Aleah

Sam bought 1 of 250 tickets selling for $2 in a game
with a grand prize of $400. Was $2 a fair price to pay for
a ticket to play this game?
Answered by Ms. Sue
If he wanted the fun of playing this game and taking a chance, it was a fair price. However, if he wanted to take the grand prize, he threw his money away.

Odds of 1 out of 250 are pretty poor.

Answered by Aleah
Thanks
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