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
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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](https://media.kunduz.com/media/sug-question/raw/77722777-1660548934.1494157.jpeg?h=512)
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.