In a state’s Pick 3 lottery gane, you pay $1.01 to select a sequence of three...
In a state's Pick 3 lottery game, you pay $1.47 to select a sequence of three digits (from 0 to 9), such as 855. If you select the same sequence of three digits that are drawn, you win and collect $498.42. 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.If you win,What is your net profit?
n a state's Pick 3 lottery game, you pay $0.87 to select a sequence of three digits (from 0 to 9), such as 411. If you select the same sequence of three digits that are drawn, you win and collect $297.12. Complete parts (a) through (e). a. How many different selections are possible? 1000 b. What is the probability of winning? . 001 (Type an integer or a decimal.) c. If you win, what is your net profit? $ nothing...
In a state's 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...
In a state's Pick 3 lottery game, you pay $1.36 to select a sequence of three digits (from 0 to 9), such as 211. If you select the same sequence of three digits that are drawn, you win and collect $267.82. Complete parts (a) through (e). a. How many different selections are possible?
In a state's Pick 3 lottery game, you pay $1.47 to select a sequence of three digits (from 0 to 9), such as 700. If you select the same sequence of three digits that are drawn, you win and collect $380.47. 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? (Type an integer or a...
In a state's Pick 3 lottery game, you pay $1.34 to select a sequence of three digits (from 0 to 9), such as 188. If you select the same sequence of three digits that are drawn, you win and collect $461.58. 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? (Type an integer or a...
in a states pick 3 lottery game you pay 1.29 to select sequence of 3 digits. (from 0 to 9) such as 733. if seleced the same sequence of three digits that are drawn you win $307.14. how many different selection are possible? what is probabily of winning? if win what is net profit? find expected value? if you bet $1.29 in certain states pick 4 the expected value is -$0.98. which bet is better a 1.29 in pick 3...
In a states Pick 3 lottery game, you pay $1.13 to select a sequence of 3 digits (from 0-9), such as 788. If you select the same sequence of 3 digits that are drawn, you win snd collect $318.82. d.) Find the expected value
Question Help In a state's Pick 3 lottery game you pay 50 83 to select a sequence of three digits (from 0 to 9), such as 922. If you select the same sequence of three digits that are drawn, you win and collect $286.53 Complete parts (a) through (e). b. What is the probability of winning? 0.001 (Type an integer or a decimal) c. If you win, what is your net profit? S285.70 (Type an integer or a decimal) d....
In a raffle, you can pay $10 to select a three-digit number from 000 through 199. If you select the same sequence of three digits that are drawn, you win and collect $100 otherwise you get nothing. a. How many different selections are possible? b. What is the probability of winning? c. If you win, what is your net profit? d. Complete the table below to find the expected value of this raffle Event X P(X) X*P(X) Win(net gain) Lose...