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The chance of winning a lottery game is 1 in approximately 29 29 million. Suppose you buy a$1 lottery ticket in anticipation of winning the

The chance of winning a lottery game is 1 in approximately 29

29 million. Suppose you buy a$1 lottery ticket in anticipation of winning the $6

6 million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result.

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