In a​ state's Pick 3 lottery​ game, you pay ​$1.29 to select a sequence of three digits​ (from 0 to​ 9), such as 433. If you select the same sequence of three digits that are​ drawn, you win and collect ​$274.03. Complete parts​ (a) through​ (e).       Question content area bottom Part 1 a. How many different selections are​ possible?   10001000 Part 2 b. What is the probability of​ winning?   0.0010.001 ​(Type an integer or a​ decimal.) Part 3 c. If you​ win, what is your net​ profit?   ​$272.74272.74 ​(Type an integer or a​ decimal.) Part 4 d. Find the expected value.   ​$enter your response here  ​(Round to the nearest hundredth as​ needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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In a​ state's Pick 3 lottery​ game, you pay
​$1.29
to select a sequence of three digits​ (from 0 to​ 9), such as
433.
If you select the same sequence of three digits that are​ drawn, you win and collect
​$274.03.
Complete parts​ (a) through​ (e).
 
 
 

Question content area bottom

Part 1
a. How many different selections are​ possible?
 
10001000
Part 2
b. What is the probability of​ winning?
 
0.0010.001
​(Type an integer or a​ decimal.)
Part 3
c. If you​ win, what is your net​ profit?
 
​$272.74272.74
​(Type an integer or a​ decimal.)
Part 4
d. Find the expected value.
 
​$enter your response here 
​(Round to the nearest hundredth as​ needed.)
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