Respuesta :
Answer:
loss of $1.83
Step-by-step explanation:
The average prize per ticket is ...
($100 +5($20))/1200 = $200/1200 ≈ $0.1667 ≈ $.17
You pay $2.00 for a ticket, so your expected value is ...
-$2.00 +0.17 = -$1.83 . . . . a loss of $1.83
Answer:
loss of $1.83
Step-by-step explanation:
The average prize per ticket is ...
($100 +5($20))/1200 = $200/1200 ≈ $0.1667 ≈ $.17
You pay $2.00 for a ticket, so your expected value is ...
-$2.00 +0.17 = -$1.83 . . . . a loss of $1.83