The Ohio lottery has a game called Pick 4 where a player pays $1 and picks a four-digit number. If the four numbers come up in the order you picked, then you win $3000. a) Write the probability distribution for a player's winnings. Fill in the table below. For the computer to grade this one correctly make sure that your X values are from smallest to largest. P(X) b) What are your expected winnings? Round final answer to 2 decimal places. Put correct units in the second box. c) Which of the following is the correct interpretation of the expected winnings? v Select an answer If you play the Ohio lottery many times, over the long run, you can expect to lose about this much money per game Every time you play the Ohio lottery you will win. Every time you play the Ohio lottery you will lose.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

would you please help me with this homework? thank you

The Ohio lottery has a game called Pick 4 where a player pays $1 and picks a four-digit number. If the four numbers come up in the order you picked, then you win $3000.

a) Write the probability distribution for a player's winnings.

   Fill in the table below.

   **For the computer to grade this one correctly make sure that your X values are from smallest to largest.**

   | X    | P(X) |
   |------|------|
   |      |      |
   |      |      |
   |      |      |

b) What are your expected winnings?

   Round final answer to 2 decimal places. Put correct units in the second box.

   |          |        |
   |----------|--------|
   |          |        |

c) Which of the following is the correct interpretation of the expected winnings?

   - If you play the Ohio lottery many times, over the long run, you can expect to lose about this much money per game.
   - Every time you play the Ohio lottery you will win.
   - Every time you play the Ohio lottery you will lose.

   (Note: "Select an answer" checkbox is shown for option selection.)
Transcribed Image Text:The Ohio lottery has a game called Pick 4 where a player pays $1 and picks a four-digit number. If the four numbers come up in the order you picked, then you win $3000. a) Write the probability distribution for a player's winnings. Fill in the table below. **For the computer to grade this one correctly make sure that your X values are from smallest to largest.** | X | P(X) | |------|------| | | | | | | | | | b) What are your expected winnings? Round final answer to 2 decimal places. Put correct units in the second box. | | | |----------|--------| | | | c) Which of the following is the correct interpretation of the expected winnings? - If you play the Ohio lottery many times, over the long run, you can expect to lose about this much money per game. - Every time you play the Ohio lottery you will win. - Every time you play the Ohio lottery you will lose. (Note: "Select an answer" checkbox is shown for option selection.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman