Question: A1 D E { K 1 Question 04 N 3 Powerball costs $2 and has a one-to-300 million probability of a $500 million jackpot. 4

A1 D E { K 1 Question 04 N 3 Powerball costs $2 and has a one-to-300 million probability of a $500 million jackpot. 4 5 State Probability Result Return 6 Jackpot 0.00000000333333 $500,000,000 24999999900% 7 Nothing 0.99999999666667 $0 -100% 8 9 What is Powerball's expected return? 10 11 A 12 B 13 C 14 D 15 0.0% -6.7% -16.7% -26.7% 16

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