If a lottery offers a fixed prize, and there is a chance that one will win the price, the expected gain from buying the lottery ticket is equal to:

Select one:

a.

the price of the lottery ticket - the value of the prize.

b.

the probability of winning the lottery the value of the prize.

c.

the value of the prize / the probability of winning the lottery.

d.

probability of winning the lottery / the value of the prize.

e.

the value of the prize - the price of the lottery ticket.