you pick 3 lotary games, you pay $ 0.96 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 $347.46 a. how many diffrent selections are possible b. what is the probability of winning c. find the expected value d. if you bet $0.96 in Ilw. game the expected value is -$0.61. which one is better, a 0.96 cent bet in the ilw pick 3 game or a $0.96 cent bet in ilw pick 4 game? Explain
you pick 3 lotary games, you pay $ 0.96 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 $347.46 a. how many diffrent selections are possible b. what is the probability of winning c. find the expected value d. if you bet $0.96 in Ilw. game the expected value is -$0.61. which one is better, a 0.96 cent bet in the ilw pick 3 game or a $0.96 cent bet in ilw pick 4 game? Explain
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 61E: Roulette American roulette is a game in which a wheel turns on a spindle and is divided into 38...
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you pick 3 lotary games, you pay $ 0.96 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 $347.46
a. how many diffrent selections are possible
b. what is the probability of winning
c. find the expected value
d. if you bet $0.96 in Ilw. game the expected value is -$0.61. which one is better, a 0.96 cent bet in the ilw pick 3 game or a $0.96 cent bet in ilw pick 4 game? Explain
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