Question: I need help with this problem A lottery ticket has a grand prize of $42.4 million. The probability of winning the grand prize is .000000023.

I need help with this problem

A lottery ticket has a grand prize of $42.4 million. The probability of winning the grand prize is .000000023. Determine the expected value of the lottery ticket. (Round your answer to 3 decimal places.) Expected value $ Would you pay $1 for a ticket? 0 Yes 0 No

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