Respuesta :
The anticipated value of the winning ticket is $9500 if we purchase a keno ticket with a 10% chance of winning $1,000 and a 95% chance of getting nothing.
What is the real meaning of winning?
One of the results of competition is winning. Having success depends on the athlete. In sports, it's common knowledge that winning means scoring more runs, points, or goals than the opposition. Success in life means living the dream life, achieving your goals, and being content about where you are at end of the day. It could mean becoming a multimillionaire and being your own boss or living the life of your desires.
Why is winning so important?
Winning has numerous positive effects on kids' development, including a rise in self-worth, an improvement in self-assurance, and the development of strategic thinking abilities. However, when winning at all costs is the only goal, well-meaning adults frequently sabotage children's sporting experiences, making them very unpleasant.
Briefing:
=$1000/10%
=100
Therefore 95% chance of nothing;
=100*95%
=$9500
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