Solved

Solve the Problem =$196= \$ 196 B) Expected Loss =$169= \$ 169

Question 22

Multiple Choice

Solve the problem.
-The table shows the prizes and probabilities of winning (on a single $1 ticket) for a particular state lottery.  Solve the problem. -The table shows the prizes and probabilities of winning (on a single $1 ticket) for a particular state lottery.   How much would you expect to win or lose if you bought one $1 ticket every day for a year? Round to the nearest dollar.  A)  Expected gain  = \$ 196  B)  Expected loss  = \$ 169  C)  Expected loss  = \$ 177  D)  Expected loss  = \$ 185 How much would you expect to win or lose if you bought one $1 ticket every day for a year?
Round to the nearest dollar.


A) Expected gain =$196= \$ 196
B) Expected loss =$169= \$ 169
C) Expected loss =$177= \$ 177
D) Expected loss =$185= \$ 185

Correct Answer:

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