Question: Please help me with this question and include steps and explanations. Thank you! DO. You are in the possession of two lottery tickets. Each of

Please help me with this question and include steps and explanations. Thank you!

DO. You are in the possession of two lottery tickets. Each of these tickets has four possible outcomes. . Outcome One (probability 60%): you win nothing . Outcome Two (probability 20%): you win 5 dollars and another lottery ticket . Outcome Three (probability 15%): you win three lottery tickets . Outcome Four (probability 5%): you win 100 dollars. Compute the expected value of your total winnings. Assume that the lottery tickets that can be won in Outcomes Two and Three have the same properties as the ones you started out with

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