In a states pick 3 lottery game you pay $1.04 to select a sequence of three digits (0 to 9) such as 299 if you select the same sequence of three digits that are drawn you win and collect 297.95 1. How many different selections are possible 2. What is the winning probability 3. What is your net profit? 4. Find the expected value 5. If you bet $1.04 in a certain states pick 4 game the expected value is -0.74 which bet is better, a $1.04 bet in the pick 3 game or a $1.04 bet in the pick 4 game