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In a new lottery, the probability of winning is 1 in 10 million. If you win, you will win $10,000,000. The lottery costs $5 to
In a new lottery, the probability of winning is 1 in 10 million. If you win, you will win $10,000,000. The lottery costs $5 to play. What is the expected value of playing this lottery? Enter as a dollar amount without the dollar sign.
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