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As posted on the Maryland Lottery's website for its Pick 3 game, the chance of winning with a Front Pair bet is 0.01. A Front

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As posted on the Maryland Lottery's website for its Pick 3 game, the chance of winning with a Front Pair bet is 0.01. A Front Pair bet is successful if the front pair of numbers you select match the Pick 3 number's first 2 digits. For example, a bet of 12__ would be a winner if the Pick 3 number is 120, 121, 122, and so on of any 3 digit number beginning with 12. In other words, 10 of the 1,000 possible Pick 3 numbers (or 1%) would be winners, and thus, the probability of winning is 0.01 or 1%. A successful bet of $0.50 pays out $25 to the player. Assume that for a given time period, 100,000 bets like the one described above were placed. How much money should the Maryland Lottery Agency expect to earn on an average from 100,000 bets? $25,000 O-$25,000 $100,000 $50,000

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