You are offered a Keno ticket in a casino which will pay you $1 million if you
Question:
You are offered a Keno ticket in a casino which will pay you $1 million if you win!
It only costs you $1 to buy the ticket. You choose 4 numbers out of a 9x9 grid of distinct numbers. You win if all of your 4 numbers come up in a random draw of four from the 81 numbers. What is the expected dollar value of this gamble?
Applications
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Bayesian Artificial Intelligence
ISBN: 9781584883876
1st Edition
Authors: Kevin B. Korb, Ann E. Nicholson
Question Posted: