Expected Value

What's the expected value of your Powerball ticket? expected value of lottery ticket The concept of Expected Value is a central idea in probability and statistics and refers to a weighted average outcome For our Powerball expected value poker Title:Maximizing the Expected Value of a Lottery Ticket: How to Sell and When to Buy Abstract:Unusually large prize pools in lotteries like

lottery max Calculate the expected value by multiplying each prize amount by its probability and summing the results Step 2: Calculate Expected Value for