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Expected value and the lottery . Suppose your state lottery has an expected value of 34%. If you spend $20 per month on lottery tickets,

Expected value and the lottery. Suppose your state lottery has an expected value of 34%. If you spend $20 per month on lottery tickets, how much money would you be expected to lose in an averageyear?

(Enter your answer to the nearestcent.)

You would be expected tolose

dollars in an averageyear.

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