11.In a lottery game, the jackpot is won by selecting six different whole numbers from 1 through 38 and getting the same six numbers (in any order) that are later drawn. In the Pick 3 game, you win a straight bet by selecting three digits (with repetition allowed), each one from 0 to 9, and getting the same three digits in the exact order they are later drawn. The Pick 3 game returns $500 for a winning $1 ticket. Complete parts (a) through (c) below.
a. In a lottery game, the jackpot is won by selecting six different whole numbers from 1 through 38 and getting the same six numbers (in any order) that are later drawn. What is the probability of winning a jackpot in this game?
P(winning a jackpot in this game)=____
(Type an integer or a simplified fraction.)
b. In the Pick 3 game, you win a straight bet by selecting three digits (with repetition allowed), each one from 0 to 9, and getting the same three digits in the exact order they are later drawn. What is the probability of winning this game?
P(winning the Pick 3 game)=_________
c. The Pick 3 game returns $500 for a winning $1 ticket. What should be the return if the lottery organization were to run this game for no profit?
$___________
11.In a lottery game, the jackpot is won by selecting six different whole numbers from 1...
In a lottery game, the jackpot is won by selecting five different whole numbers from 1 through 38 and getting the same five numbers (in any order) that are later drawn. In the Pick 4 game, you win a straight bet by selecting four digits (with repetition allowed), each one from 0 to 9, and getting the same four digits in the exact order they are later drawn. The Pick 4 game returns $5 comma 000 for a winning $1...
In a lottery game, the jackpot is won by selecting four different whole numbers from 1 through 38 and getting the same four numbers (in any order) that are later drawn. In the Pick 5 game, you win a straight bet by selecting five digits (with repetition allowed), each one from 0 to 9, and getting the same five digits in the exact order they are later drawn. The Pick 5 game retuns $50,000 for a winning $1 ticket. Complete...
4.26 In a lottery game, three winning numbers are chosen uniformly at random from (1, ,100), sampling without replacement. Lottery tickets cost $1 and allow a player to pick three numbers. If a player matches the three winning numbers they win the jackpot prize of $1,000. For matching exactly two numbers, they win $15. For matching exactly one number they win $3 d) Hoppe shows that the probability that a single parlayed ticket will ulti- mately win the jackpot is...
Question 7 In a lottery six different numbers can be selected between 1 and 40. If these six numbers match the six numbers drawn from the machine, then you win the jackpot. If each lottery ticket costs £1, then how much has to be spent in order to obtain a probability of more than 50 per cent of winning the jackpot? 1. £10 million 2. £2.5 million 3. £1.9 million 4. £3.2 million 5. None of the above
In the Florida State Lottery, you can bet $1 by selecting 3 numbers from 0 through 9 inclusive. You must select the same three numbers and they must be selected in the same order to win the $200 prize. What is the probability of winning the $200 prize?
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 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 $1.47 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 one lottery, a player wins the jackpot by matching all five numbers drawn from white balls (1 through 45) and matching the number on the gold ball (1 through 32). If one ticket is purchased, what is the probability of winning the jackpot? The probability of winning the jackpot with one ticket is (Type an integer or a simplified fraction)
To win a state's lottery jackpot you have to successfully match 6 numbers chosen from the numbers 1 through 39. The lottery also pays smaller prizes if you match only 3.4 or 5 of the numbers a) What's the probability that your choices match 3 of the 6 winning numbers? b) What's the probability your ticket wins some prize? a) The probability that your choices match 3 of the winning numbers is (Round to three decimal places as needed) b)...