A person is trying to decide if they should buy a lottery ticket. The ticket costs $1.00. If the ticket is a winner, the prize would be $10,000. Knowing that winning $10,000 is not a certain outcome (state of nature), the person finds that the probability of winning is 0.0009. Based on this information, the following payoff table can be constructed. 
What is the expected monetary value of buying the ticket?
Definitions:
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process or providing a service.
Fixed Manufacturing Overhead
Costs that do not change with the level of manufacturing output, including salaries of managers and depreciation of factory equipment.
Direct Labor-Hours
The total hours of labor directly involved in producing goods or providing services.
Direct Labor Rate
The cost per hour for labor directly involved in the production of goods or services.
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