Expected payoff example: lottery ticket | Probability & combinatorics | Khan Academy

From the creator

Keep going! Check out the next lesson and practice what you’re learning: https://www.khanacademy.org/math/precalculus/x9e81a4f98389efdf:prob-comb/x9e81a4f98389efdf:expected-value/v/expected-payoff-example-protection-plan Sal shows how we can find the expected payoff (or the expected net gain) of a certain lottery ticket. Spoiler: it's not a good investment!

Published 2021-05-12 · Watch on YouTube ↗
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