In a lottery, a ticket costs $\$3$, and the jackpot is worth $\$250000$. 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)?

RektTheNoob  Aug 6, 2017

Can anyone do this, im really stuck.....

RektTheNoob  Aug 7, 2017

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