Numbers is a game where you bet $1.00 on any three-digit number from 000 to
999. If your number comes up, you get $750.00. Find the expected winnings.
Thanks
999:1000
i think IM NOT SURE tho...
sorry
3/4
To find the expected winnings in the "Numbers" game, we need to calculate the probability of winning and the corresponding amount won.
First, we need to determine the total number of possible outcomes. Since we can choose any three-digit number from 000 to 999, there are 1000 possible outcomes.
Next, we need to calculate the probability of winning. Since there is only one winning number out of the 1000 possibilities, the probability of winning is 1/1000.
Finally, we can calculate the expected winnings:
Expected winnings = (Probability of winning) * (Amount won)
In this case, the amount won is $750.00. Therefore:
Expected winnings = (1/1000) * $750.00
Calculating this expression, we find:
Expected winnings = $0.75
So, the expected winnings in the "Numbers" game is $0.75.