Compute expected net winnings for single ticket
The chance of winning a lottery game is 1 in approximately 28 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $9 million grand prize. Calculate your expected net winnings for the single ticket.
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Assume you purchase $1 lottery ticket in anticipation of winning the $9 million grand prize. Compute your expected net winnings for single ticket.
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