Question

In a​ state's Pick 3 lottery​ game, you pay ​$1.24 to select a sequence of three...

In a​ state's Pick 3 lottery​ game, you pay ​$1.24 to select a sequence of three digits​ (from 0 to​ 9), such as 355. If you select the same sequence of three digits that are​ drawn, you win and collect ​$441.58. Complete parts​ (a) through​ (e).

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.

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