Mathematics, 22.02.2020 00:59 tristanthecat
In a state's Pick 3 lottery game, you pay $1.43 to select a sequence of three digits (from 0 to 9), such as 600. If you select the same sequence of three digits that are drawn, you win and collect $337.06. Complete parts (a) through (e).
a. how many different selections are possible?
b. what is the probability of winning?
c. if you win what is your net profit?
d. find the expected value (please show work for this part)
Answers: 3
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In a state's Pick 3 lottery game, you pay $1.43 to select a sequence of three digits (from 0 to 9),...
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