A lottery posted the probabilities of winning each prize and the prize amounts as shown in the chart to the right. Suppose that one lottery ticket costs?$1. Find the expected value of the winnings for a single ticket. Then state how much you can expect to win or lose each year if you buy 10 lottery tickets per?week? Should you actually expect to win or lose this?amount? Explain.

The expected value of the winnings for a single ticket is $_________ ?

Prize Probability $1,000,000 1 in 40,000,001 $100,000 1 in 20,000,001 $1000 1 in 10,000,001