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There is one $5000.00 winner in a lottery of 500 tickets. If a ticket costs $50, what is the expected value for the lottery? x

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There is one $5000.00 winner in a lottery of 500 tickets. If a ticket costs $50, what is the expected value for the lottery? x (the amount of money taken Probability of the event home) happening Win What is the expected value? :1 Is the game fair? 0 Yes, the mean is positive 0 No. the standard deviation is not 1 O No. the mean is zero 0 No. the mean is negative 0 Yes, the mean is zero 0 No. the mean is not zero

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