arithmetic

1700 lottery tickets are sold for $25 each, and one grand prize of $4100 is awarded. If you purchase one ticket, find your expectation per ticket

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asked by manasa
  1. expected gain: 4100/1700 -cost of ticket
    = 4100/1700 - 25= figure it out

    So buying more tickets will not make you more money, if fact, you lose more

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