Question
In Phil's Pick 3 lottery game, you pay $1 to select a sequence of three digits, such as 324(there are 1,000 such selections). If you
In Phil's Pick 3 lottery game, you pay $1 to select a sequence of three digits, such as 324(there are 1,000 such selections). If you select the same sequence of three digits that are drawn, you win and collect $600.
(a)What is the probability of winning?
(b)If you win, what is your net profit?
(b)Find the expected value for this game. Show your work.
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Calculus For Scientists And Engineers Early Transcendentals
Authors: William L Briggs, Bernard Gillett, Bill L Briggs, Lyle Cochran
1st Edition
0321849213, 9780321849212
