Section : Expected Value Example

I am a statistician and I buy lottery tickets lottery expected value Your answer to question 2 should have mentioned that your calculation in question 1 did not take into account the probability of winning the lottery or that lottery sambad 20823 Typically, with an average-sized jackpot, the “expected value” of a Mega Millions ticket is about a quarter; it's 32 cents for Powerball

lottery tds section Expected Value and Variance Have you ever wondered whether it would be “worth it” to buy a lottery ticket every week, or pondered questions such as “If I