The state of New Jersey has in circulation (as of 2011) an instant lottery game called $1,000 Downpour. The cost of each ticket for this lottery game is $5.00. A player can instantly win $75,000, $1,000, $100, $50, $20, $10, or $5. Each ticket has 19 spots covered by latex coating, and the top four spots contain numbers that, if matched by the player
The state of New Jersey has in circulation (as of 2011) an instant lottery game called $1,000 Downpour. The cost of each ticket for this lottery game is $5.00. A player can instantly win $75,000, $1,000, $100, $50, $20, $10, or $5. Each ticket has 19 spots covered by latex coating, and the top four spots contain numbers that, if matched by the player’s numbers, win money. The remaining 15 spots belong to the player. A player wins if any of the numbers in the player’s 15 spots matches any of the four winning numbers.
|
Prizes |
Number of tickets that can win
|
|
0 |
2,853,533 |
|
5 |
621,075 |
|
10 |
327,600 |
|
20 |
58,500 |
|
50 |
31,200 |
|
100 |
5525 |
|
1,000 |
2561 |
|
75,000 |
6 |
|
Total= 3,900,000 |
Find and interpret the expected outcome of this game.
[Write your answer as a complete sentence]
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
