Expected Value- Lotto

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Expected value is the probability multiplied by the value of each outcome For example, a 50% chance of winning $100 is worth $50 to you (if you don't mind the

This video shows how to solve word problems involving expected value or expected gain How The expectation value of the Megaplier is just $ before tax or about $ after tax, and this value doesn't improve when jackpots go up The Odds of

rocket slot game At bottom, the expected value of a $2 Powerball ticket, which, when accounting for taxes and split Jackpots, peaks at Jackpot values of around Fair Price In mathematics, the expected value for a lottery ticket is calculated by the sum of all the expected prizes for each ticket divided by the the total