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A lotto works by picking 6 numbers from 1-42 (Combinations of numbers from 1-42 taken 6 at a time produce 5,245,786 number combinations). A ticket costs P24.00 to play the lottery. If you win today, you would win 55 million pesos after taxes. If you play the lottery today, what would be your expected winnings or losses?

A lotto works by picking 6 numbers from 1-42 (Combinations of numbers from 1-42 taken 6 at a time produce 5,245,786 number combinations). A ticket costs P24.00 to play the lottery. If you win today, you would win 55 million pesos after taxes. If you play the lottery today, what would be your expected winnings or losses?

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 18PT: To allocate annual bonuses, a manager must choose his top four employees and rank them first to...
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A lotto works by picking 6 numbers from 1- 42 (Combinations of numbers from 1-42 taken 6 at a time produce 5,245,786 number combinations). A ticket costs P24.00 to play the lottery. If you win today, you would win 55 million pesos after taxes. If you play the lottery today, what would be your expected winnings or losses?
Transcribed Image Text:A lotto works by picking 6 numbers from 1- 42 (Combinations of numbers from 1-42 taken 6 at a time produce 5,245,786 number combinations). A ticket costs P24.00 to play the lottery. If you win today, you would win 55 million pesos after taxes. If you play the lottery today, what would be your expected winnings or losses?
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