Lotto America is a daily game consisting of betting $1 on one of any three digit random nonnegative integers from 000 to 999. If your number is selected, you are returned $500. What is your expected value if you choose one number to play the game? Suppose you play the game every day for 500 consecutive days. How much can you expect to win or lose playing the game for 500 consecutive days

Advanced Engineering Mathematics
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ISBN:9780470458365
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Lotto America is a daily game consisting of betting $1 on one of any three digit random nonnegative integers from 000 to 999. If your number is selected, you are returned $500. What is your expected value if you choose one number to play the game? Suppose you play the game every day for 500 consecutive days. How much can you expect to win or lose playing the game for 500 consecutive days?
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