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If the Mega Millions jackpot is currently $350 million, calculate the expected return on a $1 ticket, using the arithmetic average method. Show your work.

If the Mega Millions jackpot is currently $350 million, calculate the expected return on a $1 ticket, using the arithmetic average method. Show your work. (Hint: treat the lottery odds as though theyre the distribution of historical returns.) Historical returns are 1 in 259 million (1 point)

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