California residents received coupons for free lotto tickets. In order to win the jackpot, you have to correctly guess all 6 numbers drawn from a pool of 36. What is the expected value of the free Lotto ticket if the jackpot is
A ticket in a typical lottery like Lotto 6/49 is usually $2. The probability of winning Lotto 6/49 is 1 in 13,983,816. The payoffs (jackpots) are usually in excess of $1 million. Suppose that you buy one ticket for $2 and the
In order to be useful, a test must be reliable. In other words, it must: A. produce the same results from one time to the next. B. predict other criteria of the trait being measured. C. measure what it is designed to measure. D.