A lottery posted the probabilities of winning each prize and the prize amounts as shown in the chart to the right. Suppo

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A Lottery Posted The Probabilities Of Winning Each Prize And The Prize Amounts As Shown In The Chart To The Right Suppo 1 (32.91 KiB) Viewed 34 times

You (would/would not) expect to win or lose this amountbecause ( Some combinations of prizes equal that amount/ nocombinations of prizes equal that amount/ it is the expectedvalue)
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 each year if you buy 10 lottery tickets per week? Should you actually expect to win or lose this amount? Explain. The expected value of the winnings for a single ticket is $. (Round to the nearest cent as needed.) If you buy 10 tickets per week, you can expect to (Round to the nearest cent as needed) Prize Probability $1,000,000 1 in 80,000,001 $100,000 1 in 40,000,001 $1000 1 in 20,000,001 each year.