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.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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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.)
Transcribed Image Text: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.)
Transcribed Image Text:**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.)
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