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A lottery ticket which pays $2 million dollars will only cost you $2 dollars. To win a person must match 6 numbers from a total of 50 numbers. What is the expected payoff if you purchase one ticket? A) $0.13 B) $1.87 C) -$0.13 D) -$1.87
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The payoff is 2 million dollars
Or 0 dollars if you lose
what about the options? for 1 ticket
IDK
Sry
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it is c nevermind
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