Assignments In a state's Pick 3 lottery game, you pay $1.35 to select a sequence of three digits (from 0 to 9), such as 155. If you select the same sequence of three digits that are drawn, you win and...

Extracted text: Assignments In a state's Pick 3 lottery game, you pay $1.35 to select a sequence of three digits (from 0 to 9), such as 155. If you select the same sequence of three digits that are drawn, you win and collect $441.25. Complete parts (a) through (e). Gradebook a. How many different selections are possible? Lecture Videos Optional Extras b. What is the probability of winning? O (Type an integer or a decimal.) Study Plan c. If you win, what is your net profit? Multimedia Library $ (Type an integer or a decimal.) d. Find the expected value. $ (Round to the nearest hundredth as needed.) e. If you bet $1.35 in a certain state's Pick 4 game, the expected value is - $0.91. Which bet is better, a $1.35 bet in the Pick 3 game or a $1.35 bet in the Pick 4 game? Explain. Click to select your answer(s). Pearson M US 4 目


Extracted text: Assignments In a state's Pick 3 lottery game, you pay $1.35 to select a sequence of three digits (from 0 to 9), such as 155. If you select the same sequence of three digits that are drawn, you win and collect $441.25. Complete parts (a) through (e). Gradebook (Type an integer or a decimal.) Lecture Videos c. If you win, what is your net profit? Optional Extras (Type an integer or a decimal.) d. Find the expected value. Study Plan (Round to the nearest hundredth as needed.) Multimedia Library e. If you bet $1.35 in a certain state's Pick 4 game, the expected value is - $0.91. Which bet is better, a $1.35 bet in the Pick 3 game or a $1.35 bet in the Pick 4 game? Explain. O A. Neither bet is better because both games have the same expected value. O B. The Pick 3 game is a better bet because it has a larger expected value. OC. The Pick 4 game is a better bet because it has a larger expected value. Click to select your answer(s). ? P Pearson 围 US O V I