I need to know how to find the product of the probability of winning the 500.00 prize if 5000 tickets are sold for 1.00 each. The fair price would be the price that would make the expectation equal 0

Mark D.

Quantitative research SPECIALIST with academic/professional experience

New York, NY

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John P.

Tutor of math and physics, recent college graduate

Short Hills, NJ

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