A person is trying to decide if they should buy a lottery ticket. The ticket costs $2.00. If the ticket is a winner, the prize would be $1,000. Knowing that winning $1,000 is not a certain outcome (state of nature) , the person finds that the probability of winning is 0.001. Based on this information, the following payoff table can be constructed: 
What is the expected monetary value of buying the ticket?
Definitions:
Full Capacity
The maximum level of output that a company can produce with its current resources and technology, without incurring additional costs.
Total Assets
The sum of all resources owned by a company, valued in monetary terms, including current and long-term assets.
Dependent Means
Statistical measures that represent the average outcomes within an experiment that are expected to change in response to the independent variable.
Independent Samples
Two or more groups of data that are collected from separate, non-related populations or entities.
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