Question

How much would a lottery prize have to be worth if it was to be a fair game? Question below.

Answer 1

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 $1.00, what is a lottery player's expected value?
Answer- -$.90
b) How much would the lottery prize have to be worth if it was to be a fair game?

Answer 2

Nope, still saying it's wrong

Answer 3

Is it cyber school?

Answer 4

No, just online homework.

Answer 5

Oh well I would of said zero. this is very unfair lottery