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...


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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<br>the four numbers come up in the order you picked, then you win $3000.<br>a) Write the probability distribution for a player's winnings.<br>Fill in the table below.<br>For the computer to grade this one correctly make sure that your X values are from<br>smallest to largest.<br>P(X)<br>b) What are your expected winnings?<br>Round final answer to 2 decimal places. Put correct units in the second box.<br>c) Which of the following is the correct interpretation of the expected winnings?<br>Select an answer<br>If you play the Ohio lottery many times, over the long run, you can expect to lose about this much money per game<br>Every time you play the Ohio lottery you will win.<br>Every time you play the Ohio lottery you will lose.<br>

Extracted 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. 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? 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.

Jun 11, 2022
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