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Moe plays a simplified version of powerball: You either win the entire jackpot of $500,000,000...

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Basic Math

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Moe plays a simplified version of powerball: You either win the entire jackpot of $500,000,000 or you lose the cost to play (i.e., $2). The probability of winning powerball is 1 out of 292,201,338 (the probability of losing is thus 1-1- 1/292,201,338).What is the expected value of playing this version of powerball?

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