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Question 1 (10 points): The Mega Millions Lottery Jackpot this week is currently S127,000,000. According to Wikipedia, the odds of winning the Mega Millions Jackpot

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Question 1 (10 points): The Mega Millions Lottery Jackpot this week is currently S127,000,000. According to Wikipedia, the odds of winning the Mega Millions Jackpot are 1 in 259,000,000. If we ignore the odds of multiple jackpot winners and the possibility of winning minor prizes ($2.00, S4.00, S10.00, etc.), what is the Expected Present Value of a $2.00 Mega Millions Lottery Ticket

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