Poker, Speeding Tickets, and Expected Value: Making Decisions in

Solved Expected Value of a Lottery Ticket part 2 Now that expected value of lottery ticket Even the best positive expectation lottery ticket has odds much worse than one in a million, so let's take that as the odds for a $1 ticket Say expected value poker Expected value is one of the useful probability concept we will discuss It has many applications, from insurance policies to making financial decisions,

martin lottery family The concept is expected value This is the projected value based on the probability of a given set of outcomes occurring If it is possible to