In the lottery of a certain state, players pick six different integers between 1 and 49, the
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In the lottery of a certain state, players pick six different integers between 1 and 49, the order of selection being irrelevant. The lottery commission then selects six of these numbers at random as the winning numbers. A player wins the grand prize of $1,200,000 if all six numbers that he has selected match the winning numbers. He wins the second and third prizes of $800 and $35, respectively, if exactly five and four of his six selected numbers match the winning numbers.What is the expected value of the amount a player wins in one game?
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Fundamentals Of Probability With Stochastic Processes
ISBN: 9780429856273
4th Edition
Authors: Saeed Ghahramani
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