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In a lottery game, a player picks six numbers from 1 to 24. If the player matches all six numbers, they win 40,000 dollars. Otherwise, they lose $1. What is the expected value of this game? $

In a lottery game, a player picks six numbers from 1 to 24. If the player matches all six numbers, they win 40,000 dollars. Otherwise, they lose $1. What is the expected value of this game? $

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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In a lottery game, a player picks six numbers from 1 to 24. If the player matches all six numbers, they win 40,000 dollars. Otherwise, they lose $1. What is the expected value of this game? $ Question Help: Message instructor Submit Question
Transcribed Image Text:In a lottery game, a player picks six numbers from 1 to 24. If the player matches all six numbers, they win 40,000 dollars. Otherwise, they lose $1. What is the expected value of this game? $ Question Help: Message instructor Submit Question
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