Create a probability table for this distribution for the data below. Include the Probability Percentages. How To Win NUMBERS MATCHED PRIZE AMOUNT 4 White
Create a probability table for this distribution for the data below. Include the Probability Percentages. How To Win NUMBERS MATCHED PRIZE AMOUNT 4 White Balls 3 White Balls 2 White Balls Overall odds of winning a Match 4 prize are 1 in 8.70. $10,000 20 $20 $2 ODDS OF WINNING 1 in 10.6 Thousand 1 in 133 1 in 9.32 What is your expected gain or loss from playing? (Amount of money) If you played 100 times how much would you expect to win or lose? (Amount of money) After looking at this information and doing a few calculations, would you play? Why or why not? Is it binomial? I'll leave this for you to investigate and explain.
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