In a state's Pick 3 lottery game, you pay $1.16 to select a sequence of three digits (from 0 to 9), such as 744. If you select the same sequence of three digits that are drawn, you win and collect $313.82. Complete parts (a) through (e). a. How many different selections are possible? 1000 b. What is the probability of winning? 0.001 (Type an integer or a decimal.) c. If you win, what is your net profit? $3112.66 (Type an integer or a decimal.) d. Find the expected value. $ (Round to the nearest hundredth as needed.) e. If you bet $1.16 in a certain state's Pick 4 game, the expected value is - $0.85. Which bet is better, a $1.16 bet in the Pick 3 game or a $1.16 bet in the Pick 4 game? Explain. O A. The Pick 4 game is a better bet because it has a larger expected value. O B. The Pick 3 game is a better bet because it has a larger expected value. OC. Neither bet is better because both games have the same expected value.

In a state's Pick 3 lottery game, you pay $1.16 to select a sequence of three digits (from 0 to 9), such as 744. If you select the same sequence of three digits that are drawn, you win and collect $313.82. Complete parts (a) through (e). a. How many different selections are possible? 1000 b. What is the probability of winning? 0.001 (Type an integer or a decimal.) c. If you win, what is your net profit? $3112.66 (Type an integer or a decimal.) d. Find the expected value. $ (Round to the nearest hundredth as needed.) e. If you bet $1.16 in a certain state's Pick 4 game, the expected value is - $0.85. Which bet is better, a $1.16 bet in the Pick 3 game or a $1.16 bet in the Pick 4 game? Explain. O A. The Pick 4 game is a better bet because it has a larger expected value. O B. The Pick 3 game is a better bet because it has a larger expected value. OC. Neither bet is better because both games have the same expected value.

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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