On a game show, a secret 4-digit number is formed using the digits 1, 2, 3 and 4, with repetition permitted. The contestant's winnings for each number of correct matches of individual digits is shown....


On a game show, a secret 4-digit number is formed using the digits 1, 2, 3 and 4, with repetition<br>permitted. The contestant's winnings for each number of correct matches of individual digits is shown.<br>$1000 for one match<br>$2000 for two matches<br>$5000 for three matches<br>$10 000 for four matches<br>How much should the contestant wager of his previous winnings in order to double his money, on<br>average?<br>

Extracted text: On a game show, a secret 4-digit number is formed using the digits 1, 2, 3 and 4, with repetition permitted. The contestant's winnings for each number of correct matches of individual digits is shown. $1000 for one match $2000 for two matches $5000 for three matches $10 000 for four matches How much should the contestant wager of his previous winnings in order to double his money, on average?

Jun 10, 2022
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