2. Richard is deciding whether to buy a state lottery ticket. Each ticket costs $1, and the probability of winning payoffs is given as follows: a. What is the expected value of Richard's payoff if he buys a lottery ticket? \"that is the yariance? b. Richard's nickname is \"No-Risk Rick\" because he is an extremely risk-averse individual. Would he buy the ticket? c. Richard has been given l lottery tickets. Discuss how you would determine the smallest amount for which he would be willing to sell all l tickets