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in a state's Pick 3 lottery game. you pay $0.92 to select a sequence of three digits (from 0 to 9), such as 500. if

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in a state's Pick 3 lottery game. you pay $0.92 to select a sequence of three digits (from 0 to 9), such as 500. if you select the same sequence of three digits that are drawn. you win and collect $303.02. Complete parts (a) through (e). A E l : a. How many different selections are possible? 1 D ' b. What is the probability of winning? El (Type an integer or a decimal.) c. If you win. what is your net prot? $D (Type an integer or a deCImal.) (1. Find the expected value. SD (Round to the nearest hundredth as needed.) e. If you bet 30.92 In a certain state's Pick 4 game. the expected value is ~$0.62. Which bet is better. a $0.92 bet in the Pick 3 game or a 50.92 bet in the Pick 4 game? Explain. O A. The Pick 3 game is a better bet because it has a larger expected value. 0 B. Neither bet is better because both games have the same expected value. G) C. The Pick 4 game IS a better bet because it has a larger expected value

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