From the e-Activity, determine the probability of winning SC lottery $1,000,000 Power Ball Game. Provide a rationale to support your determination. (oh, if you state does not have a game adopt a state.)
•What is the expected value of the payoff for winning the $1,000,000 Power Ball Game? I will give you a hint, it is not $1,000,000. Given the expected payoff, can you explain why the price of a ticket is so low?
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