A state lottery uses 35% of lottery ticket revenue for prizes, 15% for administrative and retail costs,

Question:

A state lottery uses 35% of lottery ticket revenue for prizes, 15% for administrative and retail costs, and 50% of ticket sales revenue for general state government expenditures. Lottery ticket winners are chosen at random through a fair process. Most lottery winners describe the experience of winning as a ragsto-riches change. Is this experience of using a lottery for state revenue regressive, proportional, or progressive? Create a basic example to illustrate your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: