Many states in the U.S.A have a lottery game, usually called a Pick-4, in which you pick a four-digit number such as 7359. During the lottery drawing, there are four bins, each containing balls numbered 0 through 9. One ball is drawn from each bin to form the four-digit winning number. a. You purchase one ticket with one four-digit number. What is the probability that you will win this lottery game? b. There are many variations of this game. The primary variation allows you to win if the four digits in your number are selected in any order as long as they are the same four digits as obtained by the lottery agency. For example, if you pick four digits making the number 1265, then you will win if 1265, 2615, 5216, 6521, and so forth, are drawn. The variations of the lottery game depend on how many unique digits are in your number. Consider the following four different versions of this game. Find the probability that you will win this lottery in each of these four situations. i. All four digits are unique (e.g., 1234) ii. Exactly one of the digits appears twice (e.g., 1223 or 9095) iii. Two digits each appear twice (e.g., 2121 or 5588)
Addition Rule of Probability
It simply refers to the likelihood of an event taking place whenever the occurrence of an event is uncertain. The probability of a single event can be calculated by dividing the number of successful trials of that event by the total number of trials.
Expected Value
When a large number of trials are performed for any random variable ‘X’, the predicted result is most likely the mean of all the outcomes for the random variable and it is known as expected value also known as expectation. The expected value, also known as the expectation, is denoted by: E(X).
Probability Distributions
Understanding probability is necessary to know the probability distributions. In statistics, probability is how the uncertainty of an event is measured. This event can be anything. The most common examples include tossing a coin, rolling a die, or choosing a card. Each of these events has multiple possibilities. Every such possibility is measured with the help of probability. To be more precise, the probability is used for calculating the occurrence of events that may or may not happen. Probability does not give sure results. Unless the probability of any event is 1, the different outcomes may or may not happen in real life, regardless of how less or how more their probability is.
Basic Probability
The simple definition of probability it is a chance of the occurrence of an event. It is defined in numerical form and the probability value is between 0 to 1. The probability value 0 indicates that there is no chance of that event occurring and the probability value 1 indicates that the event will occur. Sum of the probability value must be 1. The probability value is never a negative number. If it happens, then recheck the calculation.
Many states in the U.S.A have a lottery game, usually called a Pick-4, in which you pick a four-digit number such as 7359. During the lottery drawing, there are four bins, each containing balls numbered 0 through 9. One ball is drawn from each bin to form the four-digit winning number.
a. You purchase one ticket with one four-digit number. What is the
b. There are many variations of this game. The primary variation allows you to win if the four digits in your number are selected in any order as long as they are the same four digits as obtained by the lottery agency. For example, if you pick four digits making the number 1265, then you will win if 1265, 2615, 5216, 6521, and so forth, are drawn. The variations of the lottery game depend on how many unique digits are in your number. Consider the following four different versions of this game. Find the probability that you will win this lottery in each of these four situations.
i. All four digits are unique (e.g., 1234)
ii. Exactly one of the digits appears twice (e.g., 1223 or 9095)
iii. Two digits each appear twice (e.g., 2121 or 5588)
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