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?
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
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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