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What is the expected payoff on a single special lottery ticket (in Php)? Do not include

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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Question

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A special lottery is held where a four-digit number is chosen at random from the range 0000 − 9999. You win Php350 if your ticket matches the last two digits but not the last three, Php3500 if your ticket matches the last three digits but not all four, and Php35000 if your ticket matches all four digits. What is the expected payoff on a single special lottery ticket (in Php)? Do not include price of the ticket.

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ANSWER PART B ONLY
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