In the Maryland state lottery 4 digit game, you must hit 4 consecutive numbers to win. Each of the balls are drawn from a bin of balls, labeled 0,1,2,…9. There are 4 bins, and each bin has ten balls in it. For a $1 bet, if you win, you win $5,000 (that is, you profit $4,999). Find the expected value of playing this game to the player.

In the Maryland state lottery 4 digit game, you must hit 4 consecutive numbers to win. Each of the balls are drawn from a bin of balls, labeled 0,1,2,…9. There are 4 bins, and each bin has ten balls in it. For a $1 bet, if you win, you win $5,000 (that is, you profit $4,999). Find the expected value of playing this game to the player.

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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