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Test: Final Exam Question 11 of 25 This test: 25 point(s) possible This question: 1 point(s) possible Subn In a state's lottery, you can bet

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Test: Final Exam Question 11 of 25 This test: 25 point(s) possible This question: 1 point(s) possible Subn In a state's lottery, you can bet $2 by selecting three digits, each between 0 and 9 inclusive, If the same three numbers are drawn in the same order, you win and collect $500. Complete parts (a) through (e). a. How many different selections are possible? O b. What is the probability of winning? (Simplify your answer.) c. If you win, what is your net profit? (Type an integer or a decimal, Do not round.) d. Find the expected value for a $2 bet. (Type an integer or a decimal. Do not round.) e. If you bet $2 on a certain casino game, the expected value is - 3.26. Which bet is better in the sense of producing a higher expected value: a $2 bet on the state's lottery or a $2 bet on the casino'game? Explain. O A. The state's lottery is a better bet because it has a larger expected value, O B. The casino game is a better bet because it has a larger expected value, O O. Neither bet is better because both games have the same expected value, O D. It is impossible to compare the values because they have different units, Exam in Progress IE Exam Guidelines 04 Your Webcam That Support & Minimize MacBook Pro

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