For this discussion, we are going to find out if figure out the expected profit of playing the lottery. To play a certai

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For this discussion, we are going to find out if figure out the expected profit of playing the lottery. To play a certai

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For This Discussion We Are Going To Find Out If Figure Out The Expected Profit Of Playing The Lottery To Play A Certai 1
For This Discussion We Are Going To Find Out If Figure Out The Expected Profit Of Playing The Lottery To Play A Certai 1 (16.2 KiB) Viewed 71 times
For this discussion, we are going to find out if figure out the expected profit of playing the lottery. To play a certain lottery, you pick five numbers from 1 through 69 and select a powerball number from 1 through 26, If the official drawing results show your five numbers (in any order) and your powerball number, you win the jackpot, worth $40, 000, 000. It costs $2 to purchase one lottery ticket. 1. Find the probability of winning the jackpot from one ticket purchase. 2. Find the expected value of your winnings from playing this lottery.
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