A lotter has a grand prize of $9,000,000, 2 runner up prizes of $475,000, 8 third place prizes of $50,000 each, and 19 c

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answerhappygod
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A lotter has a grand prize of $9,000,000, 2 runner up prizes of $475,000, 8 third place prizes of $50,000 each, and 19 c

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A lotter has a grand prize of $9,000,000, 2 runner up prizes of $475,000, 8 third place prizes of $50,000 each, and 19 consolation prizes of $300 each. If 19 million tickets are sold for $1 each, and the probability of any ticket winning is the same as that of any other winning, find the expected return on a $1 ticket.
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