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In a states Pick 3 lottery game, you pay $1.26 to select a sequence of three digits (from 0 to 9), such as 644. If you select the same sequence of three digits that are drawn, you win and collect $337.45. Complete parts (a) through (e). 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? s(Type an integer or a decimal.) d. Find the expected value. Fi (Round to the nearest hundredth as needed.) e. If you bet $1.26 in a certain states Pick 4 game, the expected value is-$0.92. Which bet is better a $1.26 bet in the Pick 3 game or a $1.26 bet in the Pick 4 game? Explain. Click to select your answer(s). Type here to search
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