Assume that it costs $2 to play a state's daily number. The player chooses a three-digit number between 000 and 999, inclusive, and if the number is selected that day, then the player wins $620 (this means the player's profit is $620-$2=$618). If the player buys chances on different numbers, what is the expected value for the player?
Get Answers For Free
Most questions answered within 1 hours.