Question
he Florida lottery has a game called Pick 4 where a player pays $1 and then picks a sequence of four numbers 0-9 (e.g., 1234,
he Florida lottery has a game called Pick 4 where a player pays $1 and then picks a sequence of four numbers 0-9 (e.g., 1234, 0389, 9020). If the four numbers come up in the order you picked, then you win $2000.
a) Write the probability distribution for a player's winnings.
Fill in the table below. Enter the left column values from smallest to largest. Round solutions to four decimal places, if necessary.
x
x
P
(
x
)
P(x)
1
Correct
0.9999
Correct
2299
Incorrect
0.00001
Incorrect
b) What are your expected winnings? Round the solution to two decimal places (since this value is interpreted as dollars).
E
(
x
)
=
E(x)=
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