The lottery commission has designed a new instant lottery game. Players pay $1.00 to scratch a ticket, where the prize won, X, (measured in $) has the following discrete probability distribution : Which of the following best describes the expected value of X ?
A) In the long run, the average prize won per $1 played is $0.
B) In the long run, the average prize won per $1 played is $0.41.
C) In the long run, the average prize won per $1 played is $0.59.
D) None of these choices are correct
Correct Answer:
Verified
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