In a state's Pick 3 lottery game, you pay $1.18 to select a sequence of three digits (from 0 to 9), such as 233. If you select the same sequence of three digits that are drawn, you win and collect $322.07.Complete parts (a) through (e).a. How many different selections are possible?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.)e. If you bet $1.18 in a certain state's Pick 4 game, the expected value is - $0.86. Which bet is better, a $1.18 bet in the Pick 3 game or a $1.18 bet in the Pick 4 game? Explain.O A. Neither bet is better because both games have the same expected value.O B. The Pick 3 game is a better bet because it has a larger expected value.O C. The Pick 4 game is a better bet because it has a larger expected value.Click to select your answer(s).10:20 PM2/28/2021P Type here to searchPrtScnHomeEndPgUpPgDn**F8F10EscF5F6F1F2F3@23$%72WERTYHKF

Name: In a state's Pick 3 lottery game, you pay $1.18 to select a sequence
Uploaded: 2022-11-17T00:51:48.000Z
Channel: Bartleby
Description: In a state's Pick 3 lottery game, you pay $1.18 to select a sequence of three digits (from 0 to 9), such as 233. If you select the same sequence of three digits that are drawn, you win and collect $322.07.Complete parts (a) through (e).a. How many d

Math

Statistics

In a state's Pick 3 lottery game, you pay $1.18 to select a sequence of three digits (from 0 to 9), such as 233. If you select the same sequence of three digits that are drawn, you win and collect $322.07. Complete parts (a) through (e). a. How many different selections are possible? 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.)

In a state's Pick 3 lottery game, you pay $1.18 to select a sequence of three digits (from 0 to 9), such as 233. If you select the same sequence of three digits that are drawn, you win and collect $322.07. Complete parts (a) through (e). a. How many different selections are possible? 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.)

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: An unfair coin is tossed 14 times. This coin comes up heads 70% of the time and tails 30% of the…

A: Probability of getting one tail = 0.30 Number of observations = 14 Let, X= number of tails So, X…

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: Step 1: Calculating ProbabilitiesWe need to calculate the probability P(X = k) for k being the…

Q: You read in a book on baseball that your favorite player gets on base 41% of the time he goes to bat…

A: The player gets on base 41% of the time he goes to bat.

Q: 7. On their first date, Kelly asks Mike to guess the date of her birth, not including the year.…

A: Kelly ask Mike to guess the date of her birth, Not including yearIgnore leap yearProbability =…

Q: Suppose you play a coin toss game in which you win $1 if a head appears and lose $1 if a tail…

A: Given: It is given that heads come up 37 times and tails come up 63 times in the first 100 coin…

Q: An ice-cream company did a study on preferred ice-cream flavor. The results of the study are shown…

A: a. The contingency table is, Vanilla Chocolate Other Total Children 3 2 1…

Q: Calculate the net earnings of each game: a. The Ohio State Lottery (You win by picking the correct 6…

A: Calculate the net earnings of each game:

Q: The following questions relate to selecting a single card from a stand ype a simplified fraction for…

A: There are 52 card in the deck in which they divided into two color i.e red(26) and black (26). These…

Q: Is there anything wrong with the statement? An airline company advertises that 100% of their…

Q: The following questions relate to selecting a single card from a standard deck of 52 playing cards.…

A: Given that Total cards=52 Note: According to bartelby question answer guidelines an expert can…

Q: Q. Toss an actual coin 50 times and record the sequence of heads and tails. a. Give the sequence of…

A: The following solution is provided below

Q: A survey of 600 school employees yielded the following information: 442 were instructors, 325 were…

Q: a. Assume that nothing is known about the percentage of passengers who prefer aisle seats. n= 549…

A: Introduction: The 100 (1 – α) % confidence interval for the population proportion, p is: Here, n is…

Q: In a hospital emergency room, 220 patients had strokes over the course of a year, and 100 of these…

A: From the provided information, Sample size (n) = 220 From which 100 patients survived.

Q: How many possible outcomes are there when flipping a coin 9 times? O A. 512 B. 1024 c. 2048 ©D. 256

Q: If the game is fair, the woman should play $ to play. (Type an integer or a decimal. Round to the…

A: Let X be the random variable that amounts to paid or loss. The game is of standard deck.There are 52…

Q: Find the probability of winning second prize—that is, picking five of the six winning numbers—with a…

A: We can select any 6 numbers from 54 numbers in 54C6 ways. (this is the total number of ways) We…

Q: Last year, 40% of business owners gave a holiday gift to their employees. A survey of business…

Q: A task requires the completion of four activities. A teacher would like to know if differences in…

A: Given data: Sequence Allen Carla Henry A 22.4 20.8 21.5 B 17 19.4 20.7 C 19.2 20.2 21.2…

Q: 2. A representative representative is selected at random. Find the probability the is female given…

A: 2. The given table shows the US house of representatives had the demographics.

Q: Julia sets up a passcode on her tablet, which allows only eight-digit codes. A spy sneaksa look at…

A: According to the provided data, the passcode allows only eight digit codes. As the fingerprints on…

Q: Tossing a coin three times Rolling a yellow and a red cube Choosing a book to read from 7 fiction…

A: (As per bartleby guidelines, for questions containing multiple subparts, only first three subparts…

Q: Ina state's Pick 3 lottery game, you pay $0.84 to select a sequence of three digits (from 0 to 9),…

A: Note- As per our policy we can answer only the first 3 sub-parts of a question. If you want…

Q: You pay $20 to enter a raffle. The first ticket drawn wins $964, the second ticket drawn wins $522,…

A: The expectation of a discrete random variable X, denoted by E(X), is defined as a measure of central…

Q: Suppose that the probability that Bob will eat a kiwi is 61%. Find the probability that Bob will…

A: From the provided information, The probability that Bob will eat a kiwi is 61% that is 0.61.

Q: 1. Draw 2 chips one-by-one without replacement from an urn that contains 14 red and 36 black chips.…

A: Probability : Probability could be a field of arithmetic that deals with numerical descriptions of…

Q: Consider the dice game in which 2 dice are rolled. If the sum of the dice is 11, then your friend…

A: If the sum of the dice is 11, then your friend will give you $45; otherwise, you have to give your…

Q: In a gambling game, a woman is paid $7 if she draws a ten, a three, or a seven and $9 if she draws a…

Q: Determine whether the following individual events are overlapping or non-overlapping. Then find the…

Concept explainers

Counting Principles

In statistics, the counting principle can be said to be the concept in which the quantity of an item is determined. There can be a single item, or a group of items, or items that are related to each other. In every possible set of items, the quantity of the possible item groups or their sorting measures can be determined with counting principles.

Question

Practice Pack

OFFON

In a state's Pick 3 lottery game, you pay $1.18 to select a sequence of three digits (from 0 to 9), such as 233. If you select the same sequence of three digits that are drawn, you win and collect $322.07.
Complete parts (a) through (e).
a. How many different selections are possible?
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.)
e. If you bet $1.18 in a certain state's Pick 4 game, the expected value is - $0.86. Which bet is better, a $1.18 bet in the Pick 3 game or a $1.18 bet in the Pick 4 game? Explain.
O A. Neither bet is better because both games have the same expected value.
O B. The Pick 3 game is a better bet because it has a larger expected value.
O C. The Pick 4 game is a better bet because it has a larger expected value.
Click to select your answer(s).
10:20 PM
2/28/2021
P Type here to search
PrtScn
Home
End
PgUp
PgDn
**
F8
F10
Esc
F5
F6
F1
F2
F3
@
23
$
%
7
2
W
E
R
T
Y
H
K
F

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

Includes step-by-step video

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Learn your way

Includes step-by-step video

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Fundamental Counting Principle$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

A task requires the completion of four activities. A teacher would like to know if differences in the sequence of the four activities results in different task completion times. The teacher selects three students and demonstrates the activities in random order to the students. Then each student completes the task with each of the activity sequences. The completion times are recorded. The following table shows the minutes for each student to complete each task. Students (minutes) Sequence Allen Carla Henry A 21.5 20.5 22.2 17.3 19.1 21.1 20.0 20.5 22.4 20.6 17.6. 21.5 BUD C Click here for the Excel Data File.
If you know the names of the remaining seven students in the spelling bee, what is the probability of randomly selecting an order and getting the order that is used in the spelling bee? P(selecting the correct spelling bee order) = %3D (Type an integer or a simplified fraction.)
Ten thousand raffle tickets are sold for $2 each. One first prize of $1400, 3 second prizes of $800 each, and 9 third prizes of $400 each are to be awarded, with all winners selected randomly. If you purchase one ticket, what are your expected winnings? Round your answer to the nearest cent.
Six friends play poker, each starting with $5. All bets are in multiples of $0.10. How many ways are possible for the redistribution of the $30 after the night of poker?
Determine whether the following individual events are overlapping or non-overlapping. Then find the probability of the combined event. Drawing either a red five or a black seven on one draw from a regular deck of cards Choose the correct answer below and, if necessary, fill in the answer box to complete your choice. (Type an integer or a simplified fraction.) A. The individual events are non-overlapping. The probability of the combined event is B. The individual events are overlapping. The probability of the combined event is
The fractions of colors in a population of squirrels is 0.73 red and 0.27 black. If two are chosen at random, what are the chances they have the same color? Give two digits past decimal.