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A lottery has a grand prize jackpot worth 90 million dollars. The chance of winning from purchasing a single ticket is 1 in 22100000. (a)
A lottery has a grand prize jackpot worth 90 million dollars. The chance of winning from purchasing a single ticket is 1 in 22100000.
(a) What is the expected value of winning from a single ticket? (Round your answer to the nearest cent.) The expected value of winning is:
(b) Would it be worth to buy a ticket for 2 dollars?
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