nally6593 nally6593
  • 12-10-2017
  • Mathematics
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Suppose you buy 1 ticket for​ $1 out of a lottery of 1000 tickets where the prize for the one winning ticket is to be ​$1000. what is your expected​ value?

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jaquelljoc1oxowln
jaquelljoc1oxowln jaquelljoc1oxowln
  • 12-10-2017
The answer is 1,000,000 because if you multiply 1,000 and 1,000 you will get 1,000,000
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