Mathematics, 02.11.2019 05:31 f13vsdbd

In a states pick 3 lottery game you pay $1.26 to select a sequence of three digits, such as 688. if you select the same sequence of three digits that are drawn, you win and collect $402.03
a. how many different selections are possible?
b. what is the probability of winning?
c. if you win what is your net profit?
d. find the expected value ( show work for this part)
e. if you bet $1.49 in a certain states pick 4 game, the expected value is -$1.01. which bet is better, a $1.49 bet in the pick 3 game or a $1.49 bet in the pick 4 game?

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In a states pick 3 lottery game you pay $1.26 to select a sequence of three digits, such as 688. if...