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A lottery ticket has a grand prize of $42.4 million. The probability of winning the grand prize is .000000023. Determine the expected value of the

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A lottery ticket has a grand prize of $42.4 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.) Answer is complete but not entirely correct. Is paying $1 for a ticket greater than the expected winnings? No x Yes

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