In a lottery, a ticket costs $3$ dollars, and the jackpot is worth $250000$ dollars. In all, $100000$ tickets are sold, one ticket is randomly drawn, and the winner is awarded the jackpot. What are the expected winnings in dollars of buying one ticket (including the cost of the ticket)?

RiemannIntegralzzz Apr 4, 2021

#1**0 **

The same question was asked (and answered) here:

https://web2.0calc.com/questions/in-a-lottery-a-ticket-costs-3-and-the-jackpot-is_2

Guest Apr 4, 2021