Question
A state lottery has a Pick-5 Lotto game in which a player pays $1.00 for a ticket consisting of five numbers chosen from the counting
A state lottery has a "Pick-5 Lotto" game in which a player pays $1.00 for a ticket consisting of five numbers chosen from the counting numbers 1-37. Each week the state holds a televised drawing of five numbers, again, chosen from the counting numbers 1-37. If at least two of the five numbers on the player's ticket matches the numbers from the drawing the player gets a payoff according to the following scheme:
2 out of 5 numbers match $1.00
3 out of 5 numbers match $10.00
4 out of 5 numbers match $100.00
5 out of 5 numbers match $100,000.00
Find the player's net winnings in this game.
A) $0.52 B) -$.52 C) -$0.48 D) $1.52
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