Answered: A special "catch all" Keno ticket…

A special "catch all" Keno ticket allows you to play a six-spot ticket that pays only if you pick all numbers. It costs $5 to play and pays $27,777 if you win. What is your expectation for this game?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 13S

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A special "catch all" Keno ticket allows you to play a six-spot ticket that pays only if you pick all numbers. It costs $5 to play and pays $27,777 if you win. What is your expectation for this game?

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