The Florida lottery game Lotto is played by choosing six numbers from 1 to 53. If these numbers match the ones drawn by the lottery commission, you win the jackpot. The table below shows the probability of winning a $26.000.000 jackpot, along with the amounts and probabilities of other prizes. Assuming that the jackpot was not split among multiple winners, find the expectation for buying a $1 lottery ticket. Round to the nearest tenth of a cent. (A calculator is recommended.) cents Match 6 $26.000,000 22,957,480 141 Match 5 $4173 11,478,740 3243 Match 4 $61 4,591,496 16,215 Match 3 $5 1,147,874

The Florida lottery game Lotto is played by choosing six numbers from 1 to 53. If these numbers match the ones drawn by the lottery commission, you win the jackpot. The table below shows the probability of winning a $26.000.000 jackpot, along with the amounts and probabilities of other prizes. Assuming that the jackpot was not split among multiple winners, find the expectation for buying a $1 lottery ticket. Round to the nearest tenth of a cent. (A calculator is recommended.) cents Match 6 $26.000,000 22,957,480 141 Match 5 $4173 11,478,740 3243 Match 4 $61 4,591,496 16,215 Match 3 $5 1,147,874

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Description: The Florida lottery game Lotto is played by choosing six numbers from 1 to 53. If these numbers match the ones drawn by the lottery commission, you win the jackpot. The table below shows the probability of winning a $26,000,000jackpot, along with th

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Concept explainers

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.

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Question

The Florida lottery game Lotto is played by choosing six numbers from 1 to 53. If these numbers match the ones drawn by the lottery commission, you win the jackpot. The table below shows the probability of winning a $26,000,000
jackpot, along with the amounts and probabilities of other prizes. Assuming that the jackpot was not split among multiple winners, find the expectation for buying a $1 lottery ticket. Round to the nearest tenth of a cent. (A calculator is
recommended.)
cents
Match 6
$26,000,000
22.957.480
141
Match 5
$4173
11,478,740
3243
Match 4
$61
4,591,496
16,215
Match 3
$5
1,147,874

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