3.14 To play the Missouri lottery Pick 3, you choose three digits 0-9 in order. Later, the lottery selects three digits at random, and you win if your choices match the lottery values in some way. Here are some possible bets you can play: a. $1 Straight wins if you correctly guess all three digits, in order. It pays $600. b. $1 Front Pair wins if you correctly guess the first two digits. It pays $60. c. $1 Back Pair wins if you correctly guess the last two digits. It pays $60. d. $6 6-way combo wins if the three digits are different and you guess all three in any order. It pays $600. e. $3 3-way combo wins if two of the three digits are the same, and you guess all three in any order. It pays $600. f. $1 1-off lets you win if some of your digits are off by one (9 and 0 are considered to be one off from each other). If you get the number exactly correct, you win $300. If you have one digit off by one, you win $29. If you have two digits off by one, you win $4, and if all three of your digits are off by one you win $9. Consider the value of your bet to be your expected winnings per dollar bet. What value do each of these bets have?

The following is not a graded test. It is just a homework practice problems.  Case Problem: Young Professional Magazine Young Professional magazine was developed for a target audience of recent college graduates who are in their first 10 years of a business or other professional career. The magazine has been fairly successful and the publisher is interested in expanding the publication’s advertising base. As a recent hire into the marketing department at the magazine, you have been asked to help develop a survey asking readers demographic information and questions about their interests. Your survey results will be used to help the magazine choose articles of interest and provide advertisers with a profile of subscribers. The culmination of your work will be a presentation of your findings to management. Therefore, you not only have to present summary data, but must also be able to explain the results in a manner that is accurate and easy to understand.   Based on…

Hey, need help with the following statistics question. Thank you in advance!

Are written conclusions a form of statistics?