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17 August, 06:51

Suppose you buy 1 ticket for $1 out of a lottery of 1000 tickets where the prize for the one winning ticket is to be $1000. what is your expected value?

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  1. 17 August, 08:02
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    The answer is 1,000,000 because if you multiply 1,000 and 1,000 you will get 1,000,000
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