The expected value when you purchase a lottery ticket is

The expected value when you purchase a lottery ticket is lottery expected value Mathematical expectation is essentially what you get when you multiply the probability of a particular outcome by the value of that outcome If lottery result nr 343 Sal multiplies outcomes by probabilities to find the expected value of a lottery ticket Created by

lottery result nr 343 It makes for a predictable revenue return Cheers, Stephen La Rocque JP, Probabilists calculate the expected value by looking at each possible outcome,

lottery fatafat We use the notation E here to stand for the expected value of the random variable X: the mean profit per ticket is the value we expect to get, on average, To get the expected value of a purchased ticket, sum over all the expected prizes for each ticket and divide by the total number of tickets To find