Most State Lotteries

question 162

Multiple Choice

Most state lotteries

• A) have positive expected values.
• B) have negative expected values.
• C) have expected values equal to zero.
• D) do not have expected values because state lotteries are not games of chance.
• E) do not have expected values because most state lotteries are operated by government agencies.

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Definitions:

Drawer

Person who writes a check.

Maker

One promising to pay a note.

Promissory Note

A financial document constituting a written promise to pay a specified sum of money to a designated party on demand or at a predetermined date.

Intermediate Calculations

Intermediate Calculations involve the computations or mathematical operations performed as steps between the initial setup and the final result or outcome in a process.