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July 2, 2015

Homework Help: statistics

Posted by maya on Tuesday, April 19, 2011 at 5:53pm.

At a church bazzar they have a game of chance that consists of picking a two digit number(0-9).You can bet 1$ by picking a two digit number
if you match two numbers you win 25$
if you match one the numbers in the same order you win 3$
if you bet 24 and 42 comes up you lose,but if 26 or 14 comes up you win
a. what is the probability of winning $18
b. what is the probability of winning 3$
c.what is the probability of losing your 1$
d.what is the expected(gain or loss) of this bazzar game

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