Question:
= Homework: Section 11.3 Homework BRICH The expected value when you purchase a lottery ticket is - $2.00 and the cost of the ticket is $8.00. Determine the fair price of the lottery ticket. The fair price is $ (Simplify your answer. Type an integer or a
Last updated: 8/15/2022
The expected value when you purchase a lottery ticket is - $2.00 and the cost of the ticket is $8.00. Determine the fair price of the lottery ticket.