Question: The Texas Lottery (https://www.txlottery.org/) lists the following probability for winning with a $1 ticket. Winnings Probability $400,000 1 in 15,418,700 What is the expected

The Texas Lottery (https://www.txlottery.org/) lists the following probability for winning with a $1 ticket. Winnings Probability $400,000 1 in 15,418,700 What is the expected payout E(x) from a lottery ticket? Answer to two decimal places $ $80,000 1 in 6,483,451 $100 1 in 1,710 $16 1 in 705 $4 1 in 386 $3 1 in 110

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