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Mathematics, 30.06.2021 17:20 allenpaietonp9v8sv
A state has a lottery game where a person picks one of the 1000 three-digit numbers between 000 and 999. The lottery selects a three-digit number at random. With a bet of $1, a person wins $700 if their number is selected and nothing ($0) otherwise. The expected value of the probability distribution for the amount of money you will win is 0.70. What is the correct interpretation of the expected value
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A state has a lottery game where a person picks one of the 1000 three-digit numbers between 000 and...
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