What is the lotterys expected profit per
One state lottery has 900 prizes of $1, 120 prizes of $10, 30 prizes of $75, 5 prizes of $340, 2 prizes of $1180, and 1 prize of $2800. Assume that 40000 lottery tickets are issued and sold for $1. What is the lottery's expected profit per ticket?
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one state lottery has 900 prizes of 1 120 prizes of 10 30 prizes of 75 5 prizes of 340 2 prizes of 1180 and 1 prize
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