Question
Suppose you buy a lottery ticket for $5.00. You have a 1/200 chance of winning $100, a 1/100 chance of winning $50 an a 1/10
Suppose you buy a lottery ticket for $5.00. You have a 1/200 chance of winning $100, a 1/100 chance of winning $50 an a 1/10 chance of winning $10. What is the expected value? Should you play. Please show all work and round to 2 decimal places.
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Cryptanalysis Of Number Theoretic Ciphers
Authors: Samuel S Jr Wagstaff
1st Edition
1351991949, 9781351991940
