Mongo Millions is a lottery game played in the United States. The way the game is...
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Mongo Millions is a lottery game played in the United States. The way the game is played, numbers picked for the prizes consist of 5 numbers picked at random from a pool of 42 numbers (the White Numbers). Then a single number (the Mongo Number) is picked from a second pool of 13. numbers. If the results of these random number selections match one of the winning combinations in any order on your lottery ticket, then you win something. The payout structure is as follows: Mongo Millions Payout Structure Match All Six 5 White Numbers + No Mongo Number 4 out of 5 White + Mongo Number 4 out of 5 White + No Mongo Number 3 out of 5 White + Mongo Number 3 out of 5 White + No Mongo Number 2 out of 5 White + Mongo Number 1 out of 5 White + Mongo Number 0 out of 5 White + Mongo Number Payout Jackpot $1,000,000 $50,000 $5,000 $500 $50 $5 $3 $1 What is the probability of winning $1,000,000 for the drawing? Round your answer to 6 decimal places. Mongo Millions is a lottery game played in the United States. The way the game is played, numbers picked for the prizes consist of 5 numbers picked at random from a pool of 42 numbers (the White Numbers). Then a single number (the Mongo Number) is picked from a second pool of 13. numbers. If the results of these random number selections match one of the winning combinations in any order on your lottery ticket, then you win something. The payout structure is as follows: Mongo Millions Payout Structure Match All Six 5 White Numbers + No Mongo Number 4 out of 5 White + Mongo Number 4 out of 5 White + No Mongo Number 3 out of 5 White + Mongo Number 3 out of 5 White + No Mongo Number 2 out of 5 White + Mongo Number 1 out of 5 White + Mongo Number 0 out of 5 White + Mongo Number Payout Jackpot $1,000,000 $50,000 $5,000 $500 $50 $5 $3 $1 What is the probability of winning $1,000,000 for the drawing? Round your answer to 6 decimal places.
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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