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In a certain state's lottery, 47 balls numbered 1 through 47 are placed in a machine and 10 of them are drawn at random. If the 10 numbers drawn match the numbers that a player had chosen, the player wins $1,000,000. If they match 9 numbers, then win $1,000. It costs $8 to buy a ticket. Find the expected value. 7.99 Round answer to two decimal places.

In a certain state's lottery, 47 balls numbered 1 through 47 are placed in a machine and 10 of them are drawn at random. If the 10 numbers drawn match the numbers that a player had chosen, the player wins $1,000,000. If they match 9 numbers, then win $1,000. It costs $8 to buy a ticket. Find the expected value. 7.99 Round answer to two decimal places.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.5: Interpreting Data
Problem 5E
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In a certain state's lottery, 47 balls numbered 1 through 47 are placed in a machine and 10 of them are drawn at random. If the 10 numbers drawn match the numbers that a player had chosen, the player wins $1,000,000. If they match 9 numbers, then win $1,000. It costs $8 to buy a ticket. Find the expected value. 7.99 Round answer to two decimal places.
Transcribed Image Text:In a certain state's lottery, 47 balls numbered 1 through 47 are placed in a machine and 10 of them are drawn at random. If the 10 numbers drawn match the numbers that a player had chosen, the player wins $1,000,000. If they match 9 numbers, then win $1,000. It costs $8 to buy a ticket. Find the expected value. 7.99 Round answer to two decimal places.
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