In a state's Pick 3 lottery game, you pay $1.45 to select a sequence of three digits (from 0 to 9), such as 977. If you select the same sequence of three digits that are drawn, you win and collect $342.82. 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? $ 341.37 (Type an integer or a decimal.) d. Find the expected value. $(Round to the nearest hundredth as needed.)

In a state's Pick 3 lottery game, you pay $1.45 to select a sequence of three digits (from 0 to 9), such as 977. If you select the same sequence of three digits that are drawn, you win and collect $342.82. 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? $ 341.37 (Type an integer or a decimal.) d. Find the expected value. $(Round to the nearest hundredth as needed.)

Name: In a state's Pick 3 lottery game, you pay $1.45 to select a sequence
Uploaded: 2022-11-17T00:51:48.000Z
Channel: Bartleby
Description: In a state's Pick 3 lottery game, you pay $1.45 to select a sequence of three digits (from 0 to 9), such as 977. If you select the same sequence of three digits that are drawn, you win and collect $342.82. Complete parts (a) through (e)a. How many d

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

Similar questions

A modified roulette wheel has 40 slots. One slot is 0, another is 00, and the others are numbered 1 through 38, respectively. You are placing a bet that the outcome is an even number. (In roulette, 0 and 00 are neither odd nor even.)Question content area bottomPart 1a. What is your probability of winning?The probability of winning is enter your response here.(Type an integer or a simplified fraction.)Part 2b. What are the actual odds against winning?The actual odds against winning are enter your response here:enter your response here.Part 3c. When you bet that the outcome is an even number, the payoff odds are 1:1. How much profit do you make if you bet $16 and win?If you win, the payoff is $enter your response here.Part 4d. How much profit should you make on the $16 bet if you could somehow convince the casino to change its payoff odds so that they are the same as the actual odds against winning?$enter your response here (Round to the nearest cent as needed.)
???
The trifecta at most racetracks consists of selecting the first-, second-, and third-place finishers in a particular race in their proper order. If there are eleven entries in the trifecta race, how many tickets must you purchase to guarantee a win?
merican Roulette is a form of gambling where there are 38 total slots labeled 11 through 3636, and 00 and 0000. Calculate the expected return for a gambler who bets $2$2 on 1717; the return is 3535 times if 1717 shows up. 425 Answer format: 2345
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.)
What is the probability of winning a lottery in which you must choose 4 numbers from the numbers 1 through 13? a. Assuming that order is unimportant. b. Assuming that the order matters. C a. What is the probability of winning assuming that order is unimportant? (Type an integer or a simplified fraction.) b. What is the probability of winning assuming that the order matters? (Type an integer or a simplified fraction.)
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.
What is the probability of winning a lottery in which you must choose 4 numbers from the numbers 1 through 12? a. Assuming that order is unimportant. b. Assuming that the order matters. a. What is the probability of winning assuming that order is unimportant? 1 495 (Type an integer or a simplified fraction.) b. What is the probability of winning assuming that the order matters? (Type an integer or a simplified fraction.)
Using the roll of a six-sided die and the flip of a coin, in how many ways can you obtain a heads and an even number?
Use the sample space shown in the figure to find the probability for the experiment of rolling a pair of dice. (Enter the probability as a fraction.) P(four or six) Enter a fraction, integer, or exact decimal. Do not approximate. THE 36 WAYS DICE CAN ROLL 自a. T:3 3 E目 Otto van Eersel