NayeliNoel
NayeliNoel
22.01.2021 • 
Mathematics

Hugo is considering buying a scratch-off lottery ticket that costs 3 dollars. If the ticket wins, he can redeem the ticket for 50 dollars. If the ticket loses, the ticket is worthless. According to the lottery's website, 2% of all
tickets are winners.
Find the expected value of buying a scratch-off lottery ticket.

Solved
Show answers

Ask an AI advisor a question