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Expected Value of a Lottery Ticket part 2 Now that you have the frequency table set up, fill in the products column, the totals of
Expected Value of a Lottery Ticket part 2 Now that you have the frequency table set up, fill in the products column, the totals of the frequencies and products, then divide to find the expected winnings of a ticket. In this case, what we are calculating is the expected value of the ticket itself, if your friend gives it to you or if you find it on the street. But lottery tickets aren't free; you have to pay for them. For this particular game, the scratch off tickets cost $1 each. If you pay $1 for a ticket, now that you know what the ticket is actually worth, how much do you expect to gain or lose by purchasing a ticket? Write the answer below, as a number only
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