What is the expected value of a lottery ticket?

expected value of lottery ticket
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Expected value looks like this: P=1n In other words, you have a 1 out of however many combinations chance of winning If you have an additional factor, such

Take each prize, subtract the price of our ticket, multiply the net return by the probability of winning, and add all those values to get our

expected value of lottery ticket In order to find the expected value for the number frequency of a specific number for the last 1000 lotteries , I multiplied

how to play the lottery uk In this simplified world, if the jackpot is greater than £90 million then the expected value of your lottery ticket would be greater than the £2