Solution Found!
Solved: Connecticut Lottery In the Cash Five Lottery in
Chapter 11, Problem 32AYU(choose chapter or problem)
Problem 32AYU
Connecticut Lottery In the Cash Five Lottery in Connecticut, a player pays $1 for a single ticket with five numbers. Five balls numbered 1 through 35 are randomly chosen from a bin without replacement. If all five numbers on a player’s ticket match the five chosen, the player wins $100,000. The probability of this occurring is If four numbers match, the player wins $300. This occurs with probability If three numbers match, the player wins $10. This occurs with probability Compute and interpret the expected value of the game from the player’s point of view.
Questions & Answers
QUESTION:
Problem 32AYU
Connecticut Lottery In the Cash Five Lottery in Connecticut, a player pays $1 for a single ticket with five numbers. Five balls numbered 1 through 35 are randomly chosen from a bin without replacement. If all five numbers on a player’s ticket match the five chosen, the player wins $100,000. The probability of this occurring is If four numbers match, the player wins $300. This occurs with probability If three numbers match, the player wins $10. This occurs with probability Compute and interpret the expected value of the game from the player’s point of view.
ANSWER:
Problem 32AYU
Answer:
Step1 of 1:
We have In the Cash Five Lottery in Connecticut, a player pays $1 for a single ticket with five numbers. Five balls numbered 1 through 35 are randomly chosen from a bin without replacement.
If all five numbers on a player’s ticket match the five chosen, the player wins $100,000. The probability of this occurrin