Question: What does it mean if the expected value from winning a prize when you buy five game tickets this month is $500? a. Your chance

What does it mean if the expected value from winning a prize when you buy five game tickets this month is $500? a. Your chance of winning is 1 in 5 b. You have a 0.20 probability of winning $500 c. You will win $500 from at least one of those five tickets d. On average, your winnings from buying five game tickets is $500

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