Several states have an annual raffle called the Millionare Raffle. A ticket with a unique 6-digit number cost $20 and if the numbers on your ticket are matched, you can win a prize. There are 4 prizes worth $1 million and 12 prizes of $100,000. Suppose only 125,000 tickets are sold. What are your expected winnings?
Several states have an annual raffle called the Millionare Raffle. A ticket with a unique 6-digit number cost $20 and if the numbers on your ticket are matched, you can win a prize. There are 4 prizes worth $1 million and 12 prizes of $100,000. Suppose only 125,000 tickets are sold. What are your expected winnings?
Chapter9: Sequences, Probability And Counting Theory
Section9.5: Counting Principles
Problem 3SE: Answer the following questions. 3. When given two separate events, how do we know whether to apply...
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Several states have an annual raffle called the Millionare Raffle. A ticket with a unique 6-digit number cost $20 and if the numbers on your ticket are matched, you can win a prize. There are 4 prizes worth $1 million and 12 prizes of $100,000. Suppose only 125,000 tickets are sold. What are your expected winnings?
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