OPTION D: Purchase a Dodo lottery ticket for $10. Dodo lottery tickets pay $1,000,000 if you win.

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OPTION D: Purchase a Dodo lottery ticket for $10. Dodo lottery tickets pay $1,000,000 if you win. Dodo lottery tickets have a randomly selected number between one and 200,000 printed on them. The Lotto board will draw a number from a basket that is filled with an equal number of #1 through #200,000 balls. (200,000 different numbers. A really big basket of balls). If the randomly drawn number matches the number on the ticket, the ticket pays $1,000,000. Expected payoff is $ [e]

Posted Date: May 18, 2024 06:03 PM

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OPTION D: Purchase a Dodo lottery ticket for $10. Dodo lottery tickets pay $1,000,000 if you win.

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