Expected value - Examples -

website expected value of lottery ticket Weighting that prize by its odds and adding it to the other prizes, that lottery ticket is now worth $ The value of the jackpot prize expected value poker If all four-digit numbers are equally likely, then the chance a ticket's number matches the winner is 1 in 10 000 Each digit is independent of the others, and

expected value of lottery ticket These articles then go on to explain that a ticket costs $2 and the odds of winning the jackpot are 1 in 292 million A simple (and I would  There is another way to compute expected value without imagining what would happen if we play every possible space There are 38 possible  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

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