In a state's Pick 3 lottery game, you pay $1.28 to select a sequence of three digits (from 0 to 9), such as 544. If you select thesame sequence of three digits that are drawn, you win and collect $297.99.Completea. Find the expected value. $(Round to the nearest hundredth as needed.)

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

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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In a state's Pick 3 lottery game, you pay $1.28 to select a sequence of three digits (from 0 to 9), such as 544. If you select the same sequence of three digits that are drawn, you win and collect $297.99.Complete a. Find the expected value. $ (Round to the nearest hundredth as needed.)