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Suppose 10000 tickets are sold in a lott...

Suppose 10000 tickets are sold in a lottery each for ₹ 1. First prize is of ₹ 3000 and the second prize is of ₹ 2000. There are three third prizes of ₹ 500 each. If you buy one ticket, then what is your expectation?

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To find the expectation of winning when buying one ticket in the lottery, we can follow these steps: ### Step 1: Identify the Prizes and Their Values - First Prize: ₹3000 (1 winner) - Second Prize: ₹2000 (1 winner) - Third Prize: ₹500 (3 winners) ### Step 2: Determine the Total Number of Tickets ...
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