Suppose a lottery ticket costs $1and has a jackpot of $1 million.What must the probability of winning nothing be if the bet is fair?
A) 99%
B) 99.9%
C) 99.999%
D) 99.9999%
Correct Answer:
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Q1: Suppose a family has saved enough for
Q2: Suppose a lottery ticket costs $1 and
Q4: Probability is sometimes defined as
A)the expected profit
Q5: Expected value is defined as
A)the profit on
Q6: Continuing with the family from the
Q7: If a fair gamble is played many
Q8: Suppose a lottery ticket costs $1 and
Q9: Continuing with the same family from the
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Q11: Continuing with the same vacation-insurance company from
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