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OpenStudy (anonymous):
How much would a lottery prize have to be worth if it was to be a fair game? Question below.
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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 $1.00, what is a lottery player's expected value? Answer- -$.90 b) How much would the lottery prize have to be worth if it was to be a fair game?
OpenStudy (anonymous):
Nope, still saying it's wrong
OpenStudy (anonymous):
Is it cyber school?
OpenStudy (anonymous):
No, just online homework.
OpenStudy (anonymous):
Oh well I would of said zero. this is very unfair lottery
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