Consider the Following Lottery Game

question 10

Multiple Choice

Consider the following lottery game. For this game, tickets cost $1, and there is a 10% chance of winning $5 (a net gain of $4) . What is a player's expected net gain for each ticket that is bought for this game? (Note that a loss results in a net gain of "-$1") .

• A) $5
• B) $4
• C) $0.50
• D) -$0.50
• E) -$1

---

Definitions:

Plaintiff

The party who initiates a lawsuit in a court of law, seeking legal remedy or damages from the defendant.

Civil Law Cases

Legal disputes involving private rights and responsibilities between individuals or organizations, distinguished from criminal matters.

Contracts

Legal agreements between two or more parties that are enforceable by law.

Torts

Legal claims based on an act that causes harm or loss to another person, leading to civil legal liability.