Assume that it costs $1 to play a state's daily number. The player chooses a three-digit number between 000 and 999,
Posted: Tue May 10, 2022 8:20 am
Assume that it costs $1 to play a state's daily number.
The player chooses a three-digit number between 000
and 999, inclusive, and if the number is selected
that day, then the player wins $730 (this means
the player's profit is $730−$1=$729). If the player buys
7 chances on 7 different numbers, what is the expected value
for the player?
There is an expected loss gain or loss? of $
_________________________
(Type an integer or a decimal.)
The player chooses a three-digit number between 000
and 999, inclusive, and if the number is selected
that day, then the player wins $730 (this means
the player's profit is $730−$1=$729). If the player buys
7 chances on 7 different numbers, what is the expected value
for the player?
There is an expected loss gain or loss? of $
_________________________
(Type an integer or a decimal.)