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In a state's lottery, you can bet $3by selecting three digits, each between 0 and 9 inclusive. If the same three numbers are drawn in

In a state's lottery, you can bet

$3by selecting three digits, each between 0 and 9 inclusive. If the same three numbers are drawn in the same order, you win and collect $500.

Complete parts (a) through (e)

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a. How many different selections are possible? b. What is the probability of winning? (Simplify your answer.) c. If you win, what is your net profit? (Type an integer or a decimal. Do not round.) d. Find the expected value for a $3 bet. (Type an integer or a decimal. Do not round.)e. If you bet $3 on a certain casino game, the expected value is - 1.4. Which bet is better in the sense of producing a higher expected value: a $3 bet on the state's lottery or a $3 bet on the casino game? Explain. O A. Neither bet is better because both games have the same expected value. O B. The casino game is a better bet because it has a larger expected value O C. The state's lottery is a better bet because it has a larger expected value

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