A person is trying to decide if he or she 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:
Health Care Law
A field of law that deals with the regulations, policies, and legal principles applicable to the health care industry, providers and patients.
Expected Behavior
Actions or reactions that are considered normal or appropriate in a particular situation or environment.
Health Care Authority
An entity that provides regulations, guidance, or oversight within the healthcare sector.
US Constitution
The supreme law of the United States, establishing the framework for the federal government and its relationship with the states and citizens.
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