In a state's Pick 3 lottery game, you pay $1.28 to select a sequence of three digits (from 0 to 9), such as 777. If you select the same sequence of three digits that are drawn, you win and collect $429.98. Complete parts (a) through (e). a. How many different selections are possible?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 67E
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In a state's Pick 3 lottery game, you pay $1.28 to select a sequence of three digits (from 0 to 9), such as 777. If you select the same sequence of three digits that are
drawn, you win and collect $429.98. Complete parts (a) through (e).
a. How many different selections are possible?
Transcribed Image Text:In a state's Pick 3 lottery game, you pay $1.28 to select a sequence of three digits (from 0 to 9), such as 777. If you select the same sequence of three digits that are drawn, you win and collect $429.98. Complete parts (a) through (e). a. How many different selections are possible?
How
many
different selections are
possible?
What is the probability of winning?
If you win, what is your net profit?
Find the expected value.
Transcribed Image Text:How many different selections are possible? What is the probability of winning? If you win, what is your net profit? Find the expected value.
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