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Prize Probability A lottery posted the probabilities of winning each prize and the prize amounts as shown in the chart to the right. Suppose that one lottery ticket costs $1. Find the expected value of the winnings for a single $2,000,000 1 in 80,000,001 $200,000 1 in 40,000,001 ticket. Then state how much you can expect to win or lose if you buy 100 tickets. Should you actually expect to win or lose this amount? Explain. $2000 1 in 20,000,001 The expected value of the winnings for a single ticket is $. (Round to the nearest cent as needed.) If you how 100 tinkote you on ovnent to G

A lottery posted the probabilities of winning each prize and the prize amounts as shown in the chart to the right. Suppose that one lottery ticket costs $1. Find the expected value of the winnings for a single ticket. Then state how much you can expect to win or lose if you buy 100 tickets. Should you actually expect to win or lose this amount? Explain. (Round to the nearest cent as needed.) You LYU expect to win or lose this amount because Prize Probability $2,000,000 1 in 80,000,001 $200,000 $2000 1 in 40,000,001 1 in 20,000,001 CID