THE LOTTERY: A TAX ON PEOPLE WHO ARE BAD AT MATH
The expected value of $ for a $1 ticket under the current rules is computed by multiplying the values (each reduced by $1) and probabilities from the given table, including the losing outcome having value $1 with probability 0.972271, then summing the result. , so a loss of $2,109 over ten years. $3,650. ................
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