Raymond B. answered 12/27/22
Tutor
5
(2)
Math, microeconomics or criminal justice
93-3 +199(-3)= 90-597= -507
-507/200= -$2.53 = expected loss
or
93/200= 46.5
46.5-300=-2.53 loss
Yollly G.
asked 11/17/20200 lottery tickets are sold for $3 each. The person with the single winning ticket will get $93. What is the expected value for a ticket in this lottery?
Raymond B. answered 12/27/22
Math, microeconomics or criminal justice
93-3 +199(-3)= 90-597= -507
-507/200= -$2.53 = expected loss
or
93/200= 46.5
46.5-300=-2.53 loss
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