Connecticut Lottery In the Cash Five Lottery in

Chapter 6, Problem 32E

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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 \(\frac{1}{324,632}\) If four numbers match, the player wins $300. This occurs with probability \(\frac{1}{2164}\) If three numbers match, the player wins $10. This occurs with probability \(\frac{1}{75}\).Compute and interpret the expected value of the game from the player’s point of view.

Equation Transcription:

Text Transcription:

\frac{1}{324,632}

\frac{1}{2164}

\frac{1}{75}