Answered

IDNLearn.com offers a seamless experience for finding and sharing knowledge. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.

In the Big 4 lottery, for a bet of $100, the payoff is $5000. What is the expected
value of winning if in order to win, a player must correctly match 4 digits from a
daily lottery in which 4 digits are selected? Is it worth playing?

Sagot :

S132486idn

Answer: your chances on winning are 0.08%

Step-by-step explanation:

Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.