ZuoTi.Pro
Question

In a states Pick 3 lottery game, you pay $1.13 to select a sequence of 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
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

0 0
Add a comment
Know the answer?
Add Answer to:
In a states Pick 3 lottery game, you pay $1.13 to select a sequence of 3...
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

  • in a states pick 3 lottery game you pay 1.29 to select sequence of 3 digits....

    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 state's Pick 3 lottery game, you pay $1.26 to select a sequence of three...

    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...

    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 $1.36 to select a sequence of three...

    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 722. If you select the same sequence of three digits that are drawn, you win and collect $494.39 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...

    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...

    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​ state's Pick 3 lottery​ game, you pay ​$1.47 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?

  • 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 gane, you pay $1.01 to select a sequence of three digits (from 0 to 9) such as 899. If you select the same sequence of three digits that are drawn, you win and collect $254.53. Complete parts A through D. 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.

  • n a​ state's Pick 3 lottery​ game, you pay ​$0.87 to select a sequence of three...

    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...

  • Question Help In a state's Pick 3 lottery game you pay 50 83 to select a...

    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....

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