Mathematics, 30.03.2020 17:59, leo4687

Find the expected value of the random variable. Round to the nearest cent unless stated otherwise. Suppose you buy 1 ticket for $1 out of a lottery of 1,000 tickets where the prize for the one winning ticket is to be $500. What is your expected value

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Find the expected value of the random variable. Round to the nearest cent unless stated otherwise. S...