Mathematics, 12.11.2020 17:20, tylerineedhelp

A popular state lottery is played with prizes that are set: First prize is $70,000, second prize is $700, and third prize is $7. To win first prize, you must select all five of the winning numbers, numbered from 1 to 35. Second prize is awarded to players who select any four of the five winning numbers, and third prize is awarded to players who select any three of the winning

numbers. The cost to purchase a lottery ticket is $1. Find the expected value of the state lottery game and describe what this means in terms of buying a lottery ticket over the long run.

Find the expected value of state lottery game.

Expected value = $

(Round to the nearest cent as needed.)

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 19:40, NobleWho

Neoli is a nurse who works each day from 8: 00 am to 4: 00 pm at the blood collection centre. she takes 45 minutes for her lunch break. on average, it takes neoli 15 minutes to collect each sample and record the patient's details. on average, how many patients can neoli see each day?

Answers: 3

continue

Mathematics, 21.06.2019 20:00, xwalker6772

Aquadratic equation in standard from is written ax^2= bx+c, where a, b and c are real numbers and a is not zero?

Answers: 1

continue

Mathematics, 21.06.2019 21:00, cinthyafleitas

What number line represents the solution set for the inequality -1/2 greater than or equal to 4

Answers: 1

continue

Mathematics, 21.06.2019 22:00, bobk1433

Mrs. avila is buying a wallpaper border to go on all of her kitchen walls. she wants to buy 5 extra feet of wallpaper border than she needs to be sure she has enough. she buys 55.5 feet of the border. the store owner selling the border uses the width of mrs. avila's kitchen to determine that the length of her kitchen must be 14.5 feet.

Answers: 2

continue

Do you know the correct answer?

A popular state lottery is played with prizes that are set: First prize is $70,000, second prize is...