Winning the lottery, A state lottery's Pick 3 game asks

Winning the lottery

Reference no: EM131011436

Winning the lottery

A state lottery's Pick 3 game asks players to choose a three-digit number, 000 to 999. The state chooses the winning three-digit number at random, so that each number has probability 1/1000. You win if the winning number contains the digits in your number, in any order.

(a) Your number is 456. What is your probability of winning?

(b) Your number is 212. What is your probability of winning?

Reference no: EM131011436

Questions Cloud

Higher education at 2-year and 4-year institutions : The following table gives the counts of U.S. institutions of higher education classi?ed as public or private and as 2-year or 4-year:31 (a) What is the probability of winning nothing?

Random digit dialing : Most sample surveys use random digit dialing equipment to call residential telephone numbers at random. The telephone polling ?rm Zogby International reports that the probability that a call reaches a live person is 0.2.9 Calls are independent.

Disappearing internet sites : Internet sites often vanish or move, so that references to them can't be followed. In fact, 13% of Internet sites referenced in papers in major scienti?c journals are lost within two years after publication.

What is meant by a market-based compensation program : Discuss what is meant by a market-based compensation program - how an organization can balance external competitiveness with internal equity to achieve a successful market-based compensation program. Be specific.

Winning the lottery : A state lottery's Pick 3 game asks players to choose a three-digit number, 000 to 999. The state chooses the winning three-digit number at random, so that each number has probability 1/1000. You win if the winning number contains the digits in you..

Write about article- grolsch growing globally : Read the article and write one page double space about overarching problem. Read the article and write the overarching problem for this case. Article- Grolsch: Growing Globally by Pankaj Ghemawat

What is the npv for a project whose cost of capital is 15 : What is the NPV for a project whose cost of capital is 15 percent and initial after-tax cost is $5,000,000 and is expected to provide after-tax operating cash inflows of $1,800,000 in year 1, $1,900,000 in year 2, $1,700,000 in year 3, and $1,300,000..

What you think is a less risky industry : Find the WACC for a firm that is what you think is a risky industry and the WACC for a firm that is in what you think is a less risky industry. Compare them and comment on the possible reasons for the similarity or difference.

Reimburses losses on an actual cash-value basis : Lizzy Richardson’s home in New York City was recently gutted in a ?re. Her living and dining rooms were completely destroyed, and the damaged personal property had a replacement value of $35,000. The average age of the damaged personal property was 5..

User Account

All Pages