ZuoTi.Pro
Question

Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits...

Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits from a daily lottery in which four digits are selected. Digits are the numbers 0-9, so there are 10 digits. If the payoff for a $100 bet is $10000, what is the expected value of winning? Is it worth it? Use the equation editor to show your work!

Create a table to make a table used to determine expected value .

math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Given dha oo winhng contain ouY too be w it hum ben 잊 different. k-digits numbers selected is looo The total looood 冫0.qqqq e -loo ain 7900 oun 9900(ooooo!) - lose (PSc loo (o.9a ל99.99-2 om the above expecte

0 0
Add a comment
Know the answer?
Add Answer to:
Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits,...

    Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits, in order, from a daily lottery in which four digits are selected. Digits are chosen from four separate bins, each containing 10 balls numbered 0-9. The only way to win is to match all 4 digits. If the payoff for a $100 bet is $10000, what is the expected value of winning? Create the probability model for this situation. Based on the model, is...

  • Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits,...

    Pennsylvania has a lottery entitled "Big 4". To win, a player must correctly match 4 digits, in order, from a daily lottery in which four digits are selected. Digits are chosen from four separate bins, each containing 10 balls numbered 0-9. The only way to win is to match all 4 digits. If the payoff for a $100 bet is $10000, what is the expected value of winning? Create the probability model for this situation. Based on the model, is...

  • Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Ca...

    Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...

  • help please!!! The following table gives the number (lin millions) of men and women over the age of 24 at each level of educational attainment Did not College a Total Completed Some Gende...

    help please!!! The following table gives the number (lin millions) of men and women over the age of 24 at each level of educational attainment Did not College a Total Completed Some Gender complete high school college graduate high school Males 12.9 15.9 96.3 30.7 90.8 128 41.31037 103.7 Females 12.8 25.7 31.8 17.8 200 62.5 78.1 Total 33.7 A What is the probability that a randomly selected person over the age of 24 did not complete high school?(answer with...

  • PLEASE INCLUDE SAW-PROMPTS FOR 2 PLAYERS NAMES(VALIDATE NAMES). SHOW MENU (PLAYER MUST SELECT FROM MENU B4...

    PLEASE INCLUDE SAW-PROMPTS FOR 2 PLAYERS NAMES(VALIDATE NAMES). SHOW MENU (PLAYER MUST SELECT FROM MENU B4 THE GAME STARTS 1=PLAY GAME, 2=SHOW GAME RULES, 3=SHOW PLAYER STATISTICS, AND 4=EXIT GAME WITH A GOODBYE MESSAGE.) PLAYERS NEED OPTION TO SHOW STATS(IN A DIFFERNT WINDOW-FOR OPTION 3)-GAME SHOULD BE rock, paper, scissor and SAW!! PLEASE USE A JAVA GRAPHICAL USER INTERFACE. MUST HAVE ROCK, PAPER, SCISSORS, AND SAW PLEASE This project requires students to create a design for a “Rock, Paper, Scissors,...

  • please use python and provide run result, thank you! click on pic to make it bigger...

    please use python and provide run result, thank you! click on pic to make it bigger For this assignment you will have to investigate the use of the Python random library's random generator function, random.randrange(stop), randrange produces a random integer in the range of 0 to stop-1. You will need to import random at the top of your program. You can find this in the text or using the online resources given in the lectures A Slot Machine Simulation Understand...

  • SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the...

    SYNOPSIS The product manager for coffee development at Kraft Canada must decide whether to introduce the company's new line of single-serve coffee pods or to await results from the product's launch in the United States. Key strategic decisions include choosing the target market to focus on and determining the value proposition to emphasize. Important questions are also raised in regard to how the new product should be branded, the flavors to offer, whether Kraft should use traditional distribution channels or...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT