Answer
See below.
Work Step by Step
From Exercise $3$ the expected cash prize is $0.32984614193$, thus the expected financial result is: expected cash prize-ticket price$=0.32984614193-1=-0.67015385807$, which is a loss of $0.67015385807$.
College Algebra (10th Edition)
by Sullivan, Michael
Published by
Pearson
ISBN 10:
0321979478
ISBN 13:
978-0-32197-947-6
Chapter 10 - Projects - Page 710: 4
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