Question: Expected Value Calculation Table for Problem #2 - based on a $20,000,000 jackpot. Event Net Profit/Loss, x Probability, p(x) x * p(x) 5 white balls

Expected Value Calculation Table for Problem #2 - based on a $20,000,000 jackpot.

Event Net Profit/Loss, x Probability, p(x) x * p(x)
5 white balls + Powerball $19,999,998 .00000000342 .0684
5 white balls .0000000856
4 white balls + Powerball .00000110
4 white balls $98 .0000274
3 white balls + Powerball .0000690
3 white balls .00172 .0086
2 white balls + Powerball .00142
1 white ball + Powerball .0109
Powerball .026
Lose
Sum of x*p(x) = E.V.

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