The Connecticut Lottery has a game called Play 3. You pick one of 1000 numbers between and including 000 to 999 If your number comes out you win 500 If your number does not come out you get nothing It costs 1 to play one three digit number. What's your expected value and what does it mean?

Answer rating: 100% (QA)

ANS WER The expected value is 500 This means that on average yo... View the full answer