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Title: I receive a lottery ticket as a gift. Three winning tickets will be drawn, each with an associated ... Post by: tashi-75 on Feb 7, 2018 I receive a lottery ticket as a gift. Three winning tickets will be drawn, each with an associated probability and dollar value as follows: (1) 100 prize; 0.001 probability (2) 50 prize; 0.005 probability (3) 10 prize; 0.01 probability What is the expected dollar value of my ticket?
a. 0.50 b. 10 c. 0.45 d. 1.00 Title: I receive a lottery ticket as a gift. Three winning tickets will be drawn, each with an associated ... Post by: kim_kilgore on Feb 7, 2018 c
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