The chance of winning a lottery game is 1 in approximately 24 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $4 million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The chance of winning a lottery game is 1 in approximately 24 million. Suppose you buy a $1 lottery ticket in anticipation of winning the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Sarah has $20 saved. If she will save her allowance for the next 3 weeks, and she gets $10 per week for her allowance. At the end of the week, she gets $150 in birthday money.
Answers (1)
What is an estimate of √35 to the nearest hundredth
Answers (1)
Kara bought two birthday gifts for her twin nephews. Each gift cost $12.50. Sales tax was 6.75%. What was the total cost for the gifts, including tax?
Answers (2)
Factorise the following: 1) x^2+10x+16 2) x^2+7x+12 3) x^2+13x+12
Answers (1)
For which of the following equations is x = 6 the only solution? A. (6x) 2 = 0) B. (x - 6) ? = 0 C. (x + 6) 2 = 0 D. (x - 6) (x + 6) = 0
Answers (1)
New Questions in Mathematics
A group of seven students were asked how much tv do you watch a day Here are their response 12, 5, 5, 4, 10, 15, 16 Find the mean number of hours for these students. If necessary, round your answer to the nearest tenth.
Answers (1)
Determine whether the given description corresponds to an observational study or experiment In a study of 418 students with a particular disease, the subjects were monitored with an EEG while asleep Does the given description correspond to an
Answers (1)
Ashley is preparing for a horse riding competition. She has trained her horse for 4 hours and has completed 152 rounds. At what rate has Ashley ridden her horse in rounds per hour
Answers (1)
3 (4y+5) using distributive property
Answers (1)
Combine like terms to create an equivalent expression. Make sure to simplify coefficients and constants as well. 6 (1/2w - 3/4)
Answers (2)