Ahmad gives his friend Juana a lottery ticket for her birthday. The ticket cost Ahmad $1, and the back of the ticket says, "The overall odds of winning a prize with this ticket are 1 : 50, and the expected return for this
ticket is $0.50.6000000
Ahmad says, "lf 1,000 people each bought one of these tickets, they'd have spent $1,000 in total and get back
about $5,000."
Juana says, "The probability that one of these tickets wins a prize is 0.50, on average."
Whose statement is correct based on the expected value?
Choose 1
Only Ahmad's
Only Juana's
Both statements are correct.
Neither statement is correct.