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OpenStudy (anonymous):
A lottery system has balls numbered 1 to 65 and randomly selects 6 of the lottery balls. There is only one prize of $8,200,000.00 which is awarded only if a lottery player selects the correct set of 6 lottery balls. a) If a lottery ticket costs $1.00, what is a lottery player's expected value? b) How much would the lottery prize have to be worth if it was to be a fair game?
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