The Massachusetts state lottery has 1 million tickets. There is one first prize of $50000; 9 second prizes of $2500 each
Posted: Tue Nov 23, 2021 9:36 am
The Massachusetts state lottery has 1 million tickets. There is one first prize of $50000; 9 second prizes of $2500 each; 90 third prizes of $250 each; 900 fourth prizes of $25 each. What is the expected value of one ticket? Five tickets?