Here are the basic rules of Club Keno:• You choose how many numbers you will pick. You can pick anywhere from 1 to 10 different numbers.• Pick your numbers between 1 and 80.• A drawing is held in which 20 numbers are picked.• Depending on how many of your numbers come up in the drawing, you win various amounts of money.n a previous assignment we saw the number of ways to choose exactly x correct from a total of n picks, youvould do:nx * 80-n20-xVe also saw the total number of possible outcomes in Club Keno are 80C20.Four Numbers - Expected ValueAccording to the Michigan Lottery the best odds of winning are when you pick four numbers. If all fournumbers come up then you win $72 for each dollar you bet. If three numbers come up then you win $5 foreach dollar you bet. If two numbers come up then you win $1 for every dollar you bet (net winnings arezero). Otherwise, you lose the money you bet.Fill out the following table, assuming a $1 bet. Enter your probabilities as decimals, entering all the digitsyou see on your calculator.Outcome4 correct3 correct2 correct0 or 1correctProbabilityWhat is the expected value if you choose four numbers? $$$4$$Net Value(Don't forget to account forthe $1 bet)$es$$$Pro(Round to

Here given , According to the Michigan Lottery the best odds of winning are when you pick four…

Answered: What is the expected value if you…

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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Charles has six songs on a playlist. Each song is by a different artist. The artists are Joey McIntyre, Whitney Houston, Aaron Carter, Shakira, Shania Twain, and Phil Collins. He programs his player to play the songs in a random order, without repetition. What is the probability that the first song is by Aaron Carter and the second song is by Joey McIntyre? Write your answer as a fraction or a decimal, rounded to four decimal places. The probability that the first song is by Aaron Carter and the second song is by Joey McIntyre is .
n a large population, 46% of the households own DVD recorders. A simple random sample of 100 households from this population is to be contacted and the sample proportion computed. Which expression represents the probability that more than half the households sampled will own a DVD recorder?
A bag contains 3 red marbles, 9 white marbles, and 15 blue marbles. You randomly select one marble from the bag. If it is red, you win $4. If it is white, you win $2. If it is blue, you lose $1. What is your expected value when playing this game? Round your answer to the nearest cent.
The candy wheel at the boardwalk gives away an $ 8 box of candy to a person who successfully guesses the correct location from the 32 possible spaces. If the wheel cost $2 to play , what is the expected value of the candy wheel at the boardwalk? Describe what the answer is telling you about the boardwalk game.
Rodney is going to shoot a total of 9 free-throws to prove he is a better shooter than Chris. During warm-ups Rodney can make 57% of practice shots. The challenge results are as follows… • 9 hits Rodney wins $100 • 6-8 hits Rodney wins $25 • 4-5 No one wins • 0-3 hits Chris wins $15 What is the probability that Rodney makes 7 shot?
Delta Airlines flights from Bostin to Seattle are on time 70% of the time. Suppose 10 flights are randomly selected, and the number of on-time flights is recorded. round answer to 3 significant figures the probability that exactly 5 flights are on time is =the probability that at most 7 flights are on time is =the probability that at least 9 flights are on time is=

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