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What is the expected amount you win

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Just as with Pick 3 (this example), you can make more elaborate bets inPick 4. In the $1 StraightBox(24-way) bet, if you choose 1234, you win $2,601 if the randomly chosen winning number is 1234, and you win $106 if the winning number has the digits 1, 2, 3, and 4 in any other order (there are23 such other orders). What is the expected amount you win?

Reference no: EM131971484

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