State-run lotteries commonly pay out 50 percent of total lottery ticket sales in the form of jackpots
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Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...
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Any expected risky amount can be converted to an equivalent certain sum using the certainty equivale...View the full answer
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