Expected Value: A Simple Lottery Problem

expected value of lottery ticket
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#### Final Answer The expected value of winning for a single ticket is $ If you buy 10 tickets per week, you can expect to win or lose $5

Take each prize, subtract the price of our ticket, multiply the net return by the probability of winning, and add all those values to get our An Oshawa home's value 'JACKPOT': OLG says Ontario woman is $70-million Lotto Max winner after buying lottery ticket at gas station,

new jersey evening pick 3 lottery The expectation value per ticket is $ That's what you get back, on average, for every $2 ticket On its face This video will walk throught he steps of solving a short expected value problem where there