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A lottery ticket has a grand prize of $41.7 million. The probability of winning the grand prize is .000000023. Determine the expected value of

A lottery ticket has a grand prize of $41.7 million. The probability of winning the grand prize is .000000023. Determine the expected value of the lottery ticket. (Round your answer to 3 decimal places.) Expected value Is paying $1 for a ticket greater than the expected winnings? Yes No

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