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Need help finding the probability or winning $42,000,000 lottery numbers. What would be the expected gain and loss of playing. Example below. Amount of winnings
Need help finding the probability or winning $42,000,000 lottery numbers. What would be the expected gain and loss of playing. Example below.
Amount of winnings Probability Outcome (x) p(x) Win $0.40 2/3 (I win 2 out of 3) Lose -$0.60 1/3 (I lose 1 out of 3)Step by Step Solution
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