Concept explainers
A popular state lottery is the 5/35 lottery, played in Arizona. Connecticut. Illinois. Iowa, Kentucky, Maine. Massachusetts. New Hampshire, South Dakota, and Vermont. In Arizona's version of the game, prizes are set: First prize is $50,000. second prize is $500. and third prize is $5. To win first prize, you must select all five of the winning numbers, numbered from 1 to 35. Second prize is awarded to players who select any four of the five winning numbers, and third prize is awarded to players who select any three of the winning numbers. The cost to purchase a lottery ticket is $1. Find the expected value of Arizona's "Fantasy Five" game, and describe what this means in terms of buying a lottery ticket over the long run.
Want to see the full answer?
Check out a sample textbook solutionChapter 11 Solutions
Thinking Mathematically (7th Edition)
- In horse racing, a “trifecta” occurs when a bettor wins by selecting the first three finishers in the exact order (1 St place, 2nd place, and 3rd place). How many different trifectas are possible if there are 14 horses in a race?arrow_forwardAlice and Bill have four grandchildren, and they have three framed pictures of each grandchild. They wish to choose one picture of each grandchild to display on the piano in their living room, arranged from oldest to youngest. In how many ways can they do this?arrow_forwardIn a competition of 50 professional ballroom dancers, 22 compete in the fox-trot competition, 18 compete in the tango competition. and 6compete in both the fox-trot and tango competitions. How many dancers compete in the foxtrot or tango competitions?arrow_forward
- Alice and Bill have four grandchild, and they have three framed pictures of each grandchild. They wish to choose one picture of each grandchild to display on the piano in their living room, arranged from oldest to youngest. In how many ways can they do this?arrow_forwardIf P(AB)=0.7, is it possible that P(BA)=0.6? Explainarrow_forwardIs it possible that P(AB)=P(A)? Explain.arrow_forward
- Pet Owners According to the Humane Society, in 2015, 65% of U.S. households owned at least one pet, and 42% of households who did own pets owned at least two. The U.S. Census Bureau tells us that there were 117 million households in 2015. How many households owned at least two pets? Report your answer in millions rounded to two places.arrow_forwardIn three-card poker, a hand consists of three cards dealt from a deck of 52. How many different three-card poker hands are possible? (Order is not important.)arrow_forwardA family consisting of 2 parents and 3 children is to pose for a picture with 2 family members in the front and 3 in the back a. How many arrangements are possible with no restrictions? b. How many arrangements are possible if the parents must sit in the front? C. How many arrangements are possible if the parents must be next to each other?arrow_forward
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill