Multiple Choice
Solve the problem.
-Suppose that there is a lottery that cost $1 to play. You must pick five digits in order from 0 to 9 and duplicates are allowed. If you win, the prize is $7000. What is the expected value of this lottery?
A) -$1.05
B) -$0.98
C) -$0.93
D) -$0.91
Correct Answer:
Verified
Correct Answer:
Verified
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