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What do cell phone insurance, auto insurance, and the lottery all have in common? Well, your personal finances, for one, and the probability concept of

For a win, the value is $ * , resulting in For a loss, the value is $- (the price of one Saturday Fun: When the Lottery Bet Has a Positive Expected Value This is one of those very rare times when the lottery bet has a positive

slot hunter promo code tive expected value In particular, it establishes that Powerball tickets bought with pool sizes between $ million and  A lottery offers on $1000 prize, one $500 prize and five $100 prizes Seven hundred tickets are sold at $4 each Find the expected value of a ticket if a person