STATS GM533-The chance of winning a lottery game is 1

Question

Question # 00474956 Posted By: rey_writer Updated on: 02/02/2017 12:36 AM Due on: 02/02/2017

Subject Statistics Topic General Statistics Tutorials:

Question

The chance of winning a lottery game is 1 in approximately 21 million. Suppose you buy a$1 lottery ticket in anticipation of winning the$99

million grand prize.

Calculate your expected net winnings for this single ticket. Interpret the result.

Tutorials for this Question

Recent Feedback

Rated By	Feedback	Comments	Rated On
cj...s12		Easy tutorial order-placing	12/01/2017

Get the Solution

Great! We have found the solution of this question!

score 3 · Accepted Answer · 02/02/2017 12:36 AM

Solution: STATS GM533-The chance of winning a lottery game is 1

Tutorial # 00471120 Posted By: rey_writer Posted on: 02/02/2017 12:36 AM

Puchased By: 3

Tutorial Preview

The solution of STATS GM533-The chance of winning a lottery game is 1...

Attachments

31.docx (12.96 KB)