Mathematics, 29.03.2021 09:10 jillianbarnes2565
A scratch-off lottery ticket costs 555 dollars. If the ticket wins, it can be redeemed for 100100100 dollars. If the ticket loses, the ticket is worthless. According to the lottery's website, 4\%4%4, percent of all tickets are winners. The expected value of buying a ticket is -1−1minus, 1 dollar. Which of the following statements are true? Choose all answers that apply: Choose all answers that apply: (Choice A) A If you bought 555 tickets, you would certainly lose money. (Choice B) B If you bought a small number of tickets, it is possible for you to make money. (Choice C) C If you bought a large number of tickets, you should expect the average value to be about -1−1minus, 1 dollar per ticket.
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A scratch-off lottery ticket costs 555 dollars. If the ticket wins, it can be redeemed for 100100100...
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