In a state's lottery, you can bet $3 by selecting three digits, each between 0 and 9 inclusive. If the same three numbers are drawn in the same order, you win and collect $500. Complete parts (a) through (e).a. How many different selections are possible? (There is a checkbox for your answer.) **b. What is the probability of winning?**[ ] (Type an integer or a decimal.)**c. If you win, what is your net profit?**$[ ] (Type an integer or a decimal.)**d. Find the expected value.**$[ ] (Round to the nearest hundredth as needed.)

Given data: You can bet = $3 Winning amount = $ 500 To find the required probability

Answered: b. What is the probability of winning?…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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b. What is the probability of winning? (Type an integer or a decimal.) c. If you win, what is your net profit? $(Type an integer or a decimal.) d. Find the expected value. (Round to the nearest hundredth as needed.)