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Moe plays a simplified version of powerball: You either win the entire jackpot of $500,000,000 or you lose the cost to play (i.e., $2).
Moe plays a simplified version of powerball: You either win the entire jackpot of $500,000,000 or you lose the cost to play (i.e., $2). The probability of winning powerball is 1 out of 292,201,338 (the probability of losing is thus 1- 1 292,201,338 ). What is the expected value of playing this version of powerball?
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Roads To Geometry
Authors: Edward C Wallace, Stephen F West
3rd Edition
1478632038, 9781478632030
