MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
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.)Expert Solution
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