In a state's Pick 3 lottery game, you pay $1.36 to select a sequence of three digits (from 0 to 9), such as 544. If you select the same sequence of three digits that are drawn, you win and collect $324.78. Complete parts (a) through (e). a. How many different selections are possible? 1000 b. What is the probability of winning? 0.001 (Type an integer or a decimal.) c. If you win, what is your net profit? $ 323.42 (Type an integer or a decimal.) d. Find the expected value. (Round to the nearest hundredth as needed.)
In a state's Pick 3 lottery game, you pay $1.36 to select a sequence of three digits (from 0 to 9), such as 544. If you select the same sequence of three digits that are drawn, you win and collect $324.78. Complete parts (a) through (e). a. How many different selections are possible? 1000 b. What is the probability of winning? 0.001 (Type an integer or a decimal.) c. If you win, what is your net profit? $ 323.42 (Type an integer or a decimal.) d. Find the expected value. (Round to the nearest hundredth as needed.)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter6: Ratio, Proportion, And Probability
Section6.7: Probability And Odds
Problem 12E
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In a state's Pick 3 lottery game, you pay $1.36 to select a sequence of three digits (from 0 to 9), such as 544. If you select the same sequence of three digits that are
drawn, you win and collect $324.78. Complete parts (a) through (e).
a. How many different selections are possible?
1000
b. What is the probability of winning?
0.001 (Type an integer or a decimal.)
c. If you win, what is your net profit?
$ 323.42 (Type an integer or a decimal.)
d. Find the expected value.
S (Round to the nearest hundredth as needed.)
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Transcribed Image Text:5.1.27
Question Help v
In a state's Pick 3 lottery game, you pay $1.36 to select a sequence of three digits (from 0 to 9), such as 544. If you select the same sequence of three digits that are
drawn, you win and collect $324.78. Complete parts (a) through (e).
a. How many different selections are possible?
1000
b. What is the probability of winning?
0.001 (Type an integer or a decimal.)
c. If you win, what is your net profit?
$ 323.42 (Type an integer or a decimal.)
d. Find the expected value.
S (Round to the nearest hundredth as needed.)
(11)
More
Enter your answer in the answer box and then click Check Answer.
part
remaining
Clear All
Check Answer
earch
12:20 PM
ENG
3/18/2021
backspace
Y.
D]
F
J
enter
pause
* shie
alt
ctrl
USE YOUR SMARTPHONE FOR
Reviews Videos Features
Specs Support
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