The Florida lottery has a game called Pick 4 where a player pays $1 and then picks a sequence of four numbers 0-9 (e.g., 1234, 0389, 9020). If the four numbers come up in the order you picked, then you wi $2000. a) Write the probability distribution for a player's winnings. Fill in the table below. Enter the left column values from smallest to largest. Round solutions to four decimal places, if necessary. P(x) b) What are your expected winnings? Round the solution to two decimal places (since this value is interpreted as dollars). E(x) %3D c) Which of the following is the correct interpretation of the expected winnings? Select an answer
The Florida lottery has a game called Pick 4 where a player pays $1 and then picks a sequence of four numbers 0-9 (e.g., 1234, 0389, 9020). If the four numbers come up in the order you picked, then you wi $2000. a) Write the probability distribution for a player's winnings. Fill in the table below. Enter the left column values from smallest to largest. Round solutions to four decimal places, if necessary. P(x) b) What are your expected winnings? Round the solution to two decimal places (since this value is interpreted as dollars). E(x) %3D c) Which of the following is the correct interpretation of the expected winnings? Select an answer
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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Transcribed Image Text:The Florida lottery has a game called Pick 4 where a player pays $1 and then picks a sequence of four
numbers 0-9 (e.g., 1234, 0389, 9020). If the four numbers come up in the order you picked, then you wi
$2000.
a) Write the probability distribution for a player's winnings.
Fill in the table below. Enter the left column values from smallest to largest. Round solutions to four
decimal places, if necessary.
P(x)
b) What are your expected winnings? Round the solution to two decimal places (since this value is
interpreted as dollars).
E(x) =
c) Which of the following is the correct interpretation of the expected winnings?
Select an answer
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