From: kristine
Remote Name: 192.55.52.4
Date: 2004-03-28
Time: 01:30:51 -0500
in a particular lottery, 3,000,000 tickets are sold each week for 50 cents apiece. out of the 3,000,000 tickets, 12,006 are drawn and awarded prizes. twelve thousand $25 prizes, four $10,000 prizes, one $50,000 prize, and one $200,000 prize. If you purchased a single ticket each week, what is the expected value of this game to you?
From:
Remote Name: 151.154.98.74
Date: 2002-09-10
Time: 13:39:45 -0400
Whoa! I'm Sorry! I think I struck a nerve. Lose the attitude; this isn't a fight. You'll never be able to work with people like that, and if you already are, well, it's a shame. Thanks for the info, though. Maybe Bowers has written more than one math book. I'll see if I can get the ISBN number. I don't think my old professor was mistaken. He is a pretty sharp guy, obviously.