What's the expected loss per ticket? In other words, how much money would you expect to lose on one ticket, based on these numbers? Expected lost per ticket is $0.70 Expected loss for $1 tickets: Expected loss for $2 tickets: Expected loss for $3 tickets: Expected loss for $5 tickets: Expected loss for $10 tickets:

 

Answer rating: 100% (QA)

To calculate the expected loss per ticket we can multiply the exp... View the full answer