Question
The Mega Millions Lottery Jackpot this week is currently $470,000,000. According to Wikipedia, the odds of winning the Mega Millions Jackpot are 1 in 259,000,000.
The Mega Millions Lottery Jackpot this week is currently $470,000,000. According to Wikipedia, the odds of winning the Mega Millions Jackpot are 1 in 259,000,000. If we ignore the odds of multiple winners and the possibility of winning minor prizes ($2.00, $4.00, $10.00, etc.), what is the Expected Present Value of a $2.00 Mega Millions Lottery Ticket?
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
