Solved Lottery Prizes A lottery offers one $1000 prize, one

the first prize for a lottery is $1000
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A raffle offers a first prize of $1000, 2 second prizes of $300, and 20 third prizes of $10 each If 8000 tickets are sold at 25 cents each,

Daily Grand Buy Ticket Current Top Prize $1,000 a DAY for LIFE Daily Grand & Extra Daily Grand is a nationwide lottery game that gives you a chance to win $1,000 a day for life* ODDS OF WINNING THE GRAND PRIZE: 1 in 13,348,188; THEORETICAL PAYOFF RATE: 49%; FIRST DRAW: October 20, 2016; CANADA-WIDE LOTTERY

big prosperity slot png To find the expected value we use the formula below E=∑x∗P That means we shall take the sum of the each price multiplied to the Lottery shall not make further prize payments to the prize winner If the the top prize of $1,000 per month for life “Scratch-itSM” has the