The chance of winning a lottery game is 1 in approximately 28 million. Suppose you buy a $1 lottery ticket in anticipation of winning the $9 million grand prize. Calculate your expected net winnings...

The chance of winning a lottery game is 1 in approximately

28
million. Suppose you buy a $1 lottery ticket in anticipation of winning the

$9
million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result.