Monday
April 21, 2014

Homework Help: PLEASE SOMEBODY Answer this Statistics question!

Posted by Andrew on Sunday, April 27, 2008 at 11:44pm.

The local lottery sets up a game wherein a player has a chance of collecting $750.
The player must choose a 3-digit number and if it matches, the player receives $750
It costs $1 to play the game.
What is the expected profit (or loss) for each player.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Statistics - The local lottery sets up a game wherein a player has a chance of ...
Stats - The local lottery sets up a game wherein a player has a chance of ...
college microeconomics - Suppose that two players are playing the following game...
microeconomics - . Suppose that two players are playing the following game. ...
math-i have another question - Player A and B invented a new game. The ...
math - A game consists of tossing a coin and rolling an ordinary die. If the ...
algebra with finance - A video game has been developed whereby the player must ...
Algebra - A baseball player's batting average is the number of hits the player ...
Statistics - "Buy a Match 6 lottery ticket every day until you win the lottery...
Statistics and Probability - The Tri-State Pick 3 lottery game offers a choice ...

Search
Members