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If you bet $5 in a Pick 4 lottery game, you either lose $5 or gain $2,995. (The winning prize is $3,000, but your $5 bet
Posted: Wed May 04, 2022 11:48 am
by answerhappygod
- If You Bet 5 In A Pick 4 Lottery Game You Either Lose 5 Or Gain 2 995 The Winning Prize Is 3 000 But Your 5 Bet 1 (21.93 KiB) Viewed 39 times
If you bet $5 in a Pick 4 lottery game, you either lose $5 or gain $2,995. (The winning prize is $3,000, but your $5 bet is not returned, so the net gain is $2,995.) The game is played by selecting a four-digit number between 0000 and 9999. What is the probability of winning? If you bet $5 on 1234, what is the expected value of your gain or loss? What is the probability of winning? (Type an integer or a simplified fraction.) 10,000 If you bet $5 on 1234, what is the expected value? dollars (Round to the nearest cent as needed.)