For many years, organized crime ran a numbers game that is now run legally by many state governments. The player selects a three-digit number from 000 to 999. There are 1000 such numbers. A bet of $5is placed on a number, say number 115. If the number is selected, the player wins $1800. If any other number is selected, the player wins nothing. Find the expected value for this game and describe what this means. The expected value of the numbers game is..
For many years, organized crime ran a numbers game that is now run legally by many state governments. The player selects a three-digit number from 000 to 999. There are 1000 such numbers. A bet of $5is placed on a number, say number 115. If the number is selected, the player wins $1800. If any other number is selected, the player wins nothing. Find the expected value for this game and describe what this means. The expected value of the numbers game is..
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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For many years, organized crime ran a numbers game that is now run legally by many state governments. The player selects a three-digit number from 000 to 999. There are 1000 such numbers. A bet of $5is placed on a number, say number 115. If the number is selected, the player wins $1800.
If any other number is selected, the player wins nothing. Find theexpected value for this game and describe what this means.
If any other number is selected, the player wins nothing. Find the
The expected value of the numbers game is..
(Round to the nearest cent.)
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