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A lallery is a game that some organizations use to raise money. It works like this: each player buys a ticket. All the tickets have
A lallery is a game that some organizations use to raise money. It works like this: each player buys a ticket. All the tickets have distinct mambers. The money raised from selling tickets goes into a bank account. When the lottery is over, e number of a sold ticket is chosen at random. The player whose ticket has that number w son of the money from the account, called the pavoli Suppose thorc arc thrcc lottcrics, callcd A, B, and C. For cach lottcry. thc following tab shows how many pooplc play. and thc payoff. LOTTERY PLAYERS PAYoFF 100 S1.00 B 1000 S100.00 C 10.000 S1000,00
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