Question
Moe plays a simplified version of powerball: you either win the entire jackpot of $300,000,000 or you lose the cost to play (i.e., $2). The
Moe plays a simplified version of powerball: you either win the entire jackpot of $300,000,000 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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The Real Numbers And Real Analysis
Authors: Ethan D Bloch
1st Edition
0387721770, 9780387721774
