Mathematics, 17.04.2020 20:06, ayanerzg
In a state's Pick 3 lottery game, you pay $1.02 to select a sequence of three digits (from 0 to 9), such as 522. If you select the same sequence of three digits that are drawn, you win and collect $317.02. Complete parts (a) through (d).
a. How many different selections are possible?
b. What is the probability of winning?
(Type an integer or a decimal.)
c. If you win, what is your net profit?
(Type an integer or a decimal.)
d. Find the expected value.
Answers: 3
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In a state's Pick 3 lottery game, you pay $1.02 to select a sequence of three digits (from 0 to 9),...
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