SOLVED: In the Ohio Pick 4 lottery, you can bet 1 by selecting four digits, each between 0 and 9 inclusive. If the same four numbers are drawn in the same order, you win and collect5000.a. How many different selections are possible?b. What is the probability of winning?c. If you win, what is your net profit?d. Find the expected value for a 1 bet.
SOLVED: In the Ohio Pick 4 lottery, you can bet 1 by selecting four digits, each between 0 and 9 inclusive. If the same four numbers are drawn in the same order, you win
VIDEO ANSWER: You can bet 1 by selecting 3 digits from 0 to 9 inclusive. If you get the correct number, you will get 500 points, so for part a how many differe…
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