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July 23, 2014

July 23, 2014

Posted by **Shay** on Sunday, July 10, 2011 at 6:18pm.

- math -
**bobpursley**, Sunday, July 10, 2011 at 6:22pmEV=500*(1/500)+100(2/500)+25(5/500)

That is the EV of the prizes, technically, one then should subtract the $5 cost of the ticket, yielding EV of buying a ticket.

EV=1+.40+.25-5=-3.35

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