In a state's Pick 3 lottery game, you pay $0.74 to select a sequence of three digits (from 0 to 9), such as 944. If you select the same sequence of three digits that aredrawn, you win and collect $260.14. Complete parts (a) through (e).a. How many different selections are possible?b. What is the probability of winning?O(Type an integer or a decimal.)c. If you win, what is your net profit?$I (Type an integer or a decimal.)d. Find the expected value.$O (Round to the nearest hundredth as needed.)e. If you bet $0.74 in a certain state's Pick 4 game, the expected value is - $0.48. Which bet is better, a $0.74 bet in the Pick 3 game or a $0.74 bet in the Pick 4game? Explain.O A. The Pick 4 game is a better bet because it has a larger expected value.B. Neither bet is better because both games have the same expected value.Oc. The Pick 3 game is a better bet because it has a larger expected value.

Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Answered: In a state's Pick 3 lottery game, you…

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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