Problem#3: In a state lottery, a player picks 5 different integers between 1 and 50. If all 5 of these numbers are drawn, the prize is $1,000,000. If 4 of the 5 match, the prize is $1,000. If 3 of the 5 match, the prize is a free lottery ticket (worth $1). Matching 2 or fewer of the numbers earns no prize. For an individual player, what is the expected prize?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Problem#3:
In a
state lottery,
different integers
a player picks 5
5 of these numbers are drawn,
1 and 50. If all
the prize is
$1,000,000. If 4 of the 5 match, the prize is $1,000. If 3 of the 5
(worth $1). Matching 2
between
a free lottery ticket
match, the prize is
fewer of the numbers earns no prize. For an individual player, what is
or
the expected prize?
...
Transcribed Image Text:4G 4G ll 30.8K/s 8:07 AM 景78% ... + Problem#3.png Problem#3: In a state lottery, different integers a player picks 5 5 of these numbers are drawn, 1 and 50. If all the prize is $1,000,000. If 4 of the 5 match, the prize is $1,000. If 3 of the 5 (worth $1). Matching 2 between a free lottery ticket match, the prize is fewer of the numbers earns no prize. For an individual player, what is or the expected prize? ...
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