Mathematics, 26.07.2019 15:00 jkortis15

If you bet $10 in a pick 4 lottery game, you either lose $10 or gain $7 comma 990. (the winning prize is $8 comma 000, but your $10 bet is not returned, so the net gain is $7 comma 990.) the game is played by selecting a four-digit number between 0000 and 9999. what is the probability of winning? if you bet $10 on 1234, what is the expected value of your gain or loss?

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If you bet $10 in a pick 4 lottery game, you either lose $10 or gain $7 comma 990. (the winning priz...

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