Maximizing the Expected Value of a Lottery Ticket: How to Sell and

expected value of lottery ticket
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Add all of the values together to compute the expected value In the above example,

Fair Price In mathematics, the expected value for a lottery ticket is calculated by the sum of all the expected prizes for each ticket divided by the the total

expected value of lottery ticket There is another way to compute expected value without imagining what would happen if we play every possible space There are 38 possible

lottery numbers for last wednesday Crunch these numbers and that lotto ticket has an expected value of about –$ You would get more value out of those two bucks if you traded