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Please help A lottery ticket has a grand prize of $42.4 million. The probability of winning the grand prize is .000000023 . Determine the expected
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A lottery ticket has a grand prize of $42.4 million. The probability of winning the grand prize is .000000023 . Determine the expected value of the lottery ticket. (Round your answer to 3 decimal places.) Is paying \$1 for a ticket greater than the expected winnings? Yes No Step by Step Solution
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