Expected Value of Lottery Ticket - Discrete Random

Expected Value- Lotto 269 views · 2 years agomore Pete Surgent Subscribe 1

Expected value is the long-term result You obviously won't win $2 on any one draw, but if you buy 500 tickets, you'll receive about $1000

lottery claim In expected utility theory, a lottery is a discrete distribution of probability on a set of states of nature The elements of a lottery correspond to the

lottery sambad 2_7_23 Expected value is the long-term result You obviously won't win $2 on any one draw, but if you buy 500 tickets, you'll receive about $1000