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Suppose you play a game of chance in which five numbers are chosen from 0, 1, 2, 3, 4, 5, 6, 7, 8, 9. A
Suppose you play a game of chance in which five numbers are chosen from 0, 1, 2, 3, 4, 5, 6, 7, 8, 9. A computer randomly selects five numbers from zero to nine with replacement. You pay JOD 3 to play and could profit JOD 40,000 if you match all five numbers in order (you get your JOD 3 back plus 40,000). Over the long term, what is your expected profit ()playing the game? What is the variance of the profit of playing the game?
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