What is the expected loss per game

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In the lottery of a certain state, players pick six different integers between 1 and 49, the order of the selection being irrelevant. The lottery commission then selects six of these numbers at random as the winning numbers. A player wins the grand prize of $1,200,000 if all six numbers that he has selected match the winning numbers. He wins the second and third prizes of $800 and $35 respectively, if exactly five and four of his six selected numbers match the winning numbers. What is the expected value of the amount a player wins in one game? If the tickets cost 50 cents each, what is the expected loss per game? If a person plays 100 games over a period of years, how much will he expect to lose in total?

Reference no: EM132907280

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