In a state's Pick 3 lottery, you pay $1.48 to select a sequence of three digits (from 0 to 9), such as 255. If you select the same sequences of 3 digits that are drawn, you win and collect $498.78 A. How many different selections are possible? B. What is the probability of winning? Report to 3 decimal places. C. If you win, what is your net profit? D. Find the expected value. Report to 2 decimal places.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
In a state's Pick 3 lottery, you pay $1.48 to select a sequence of three digits (from 0 to 9), such as 255. If you select the same sequences of 3 digits that are drawn, you win and collect $498.78
A. How many different selections are possible?
B. What is the
C. If you win, what is your net profit?
D. Find the
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