Expected Value - Definition and examples

lottery expected value
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Calculation of the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million We need to select 6 numbers from the 50

Expected Value- Lotto 269 views · 2 years agomore Pete Surgent Subscribe 1 For any given decision you might make , you multiply the value and probability of each possible outcome, then add across all

phil lottery The probability of winning and the expected value are calculated from the number of lottery tickets purchased, the winning amount and the winning 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