In a lottery every week 2000000 tickets are sold for 1


In a lottery every week, 2,000,000 tickets are sold for $1 apiece. If 4000 of these tickets pay off $30 each, 500 pay off $800 each, one ticket pays off $1,200,000, and no ticket pays off more than one prize, what is the expected value of the winning amount for a player with a single ticket?

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Basic Statistics: In a lottery every week 2000000 tickets are sold for 1
Reference No:- TGS02647538

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