Question: The expected value when you purchase a lottery ticket is $200 and the cost of the ticket is $8.00. Determine the fair price of the

The expected value when you purchase a lottery ticket is $200

and the cost of the ticket is $8.00. Determine the fair price

The expected value when you purchase a lottery ticket is $200 and the cost of the ticket is $8.00. Determine the fair price of the lottery ticket

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