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August 27, 2014

August 27, 2014

Posted by **Jen** on Thursday, July 21, 2011 at 7:48am.

- Math -
**drwls**, Thursday, July 21, 2011 at 8:14amJeremy has a 1/1000 chance at $800 and a 1/500 chance at $100.

800/1000 + 2*100/1000 = $1 is the ticket's expected value, no matter what was paid.

- Math -
**Jen**, Thursday, July 21, 2011 at 8:44amoooooh okay....thank you for your help :)

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