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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.

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
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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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.)
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